Short Interest in ProShares UltraShort Top QQQ (NASDAQ:QQDN) Drops By 49.0%

ProShares UltraShort Top QQQ (NASDAQ:QQDNGet Free Report) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totaling 25 shares, a decrease of 49.0% from the December 31st total of 49 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 3,832 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 3,832 shares, the short-interest ratio is presently 0.0 days. Currently, 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On ProShares UltraShort Top QQQ

A hedge fund recently bought a new stake in ProShares UltraShort Top QQQ stock. BNP Paribas Financial Markets purchased a new stake in ProShares UltraShort Top QQQ (NASDAQ:QQDNFree Report) during the second quarter, according to its most recent filing with the SEC. The fund purchased 100,000 shares of the company’s stock, valued at approximately $3,662,000. BNP Paribas Financial Markets owned about 90.91% of ProShares UltraShort Top QQQ as of its most recent filing with the SEC.

ProShares UltraShort Top QQQ Price Performance

Shares of ProShares UltraShort Top QQQ stock traded up $0.04 during trading hours on Friday, hitting $26.21. The company’s stock had a trading volume of 122 shares, compared to its average volume of 2,146. The business has a 50 day moving average price of $25.75 and a two-hundred day moving average price of $27.94. ProShares UltraShort Top QQQ has a 12-month low of $23.60 and a 12-month high of $41.14.

ProShares UltraShort Top QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 24th were given a dividend of $0.6257 per share. The ex-dividend date was Wednesday, December 24th. This is an increase from ProShares UltraShort Top QQQ’s previous quarterly dividend of $0.25. This represents a $2.50 annualized dividend and a dividend yield of 9.5%.

ProShares UltraShort Top QQQ Company Profile

(Get Free Report)

ProShares Trust – ProShares UltraShort Top QQQ is an exchange traded fund launched and managed by ProShare Advisors LLC. The fund invests in public equity markets of global region. The fund invests through derivatives in stocks of companies operating across diversified sector. The fund uses derivatives such as swaps to create its portfolio. It invests in growth and value stocks of large-cap companies. It seeks to track -2x the daily performance of the Nasdaq-100 Index, by using full replication technique.

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