Traders Purchase High Volume of ProShares UltraPro Short QQQ Call Options (NASDAQ:SQQQ)

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) saw some unusual options trading activity on Friday. Stock traders bought 421,266 call options on the company. This represents an increase of 82% compared to the typical volume of 231,940 call options.

ProShares UltraPro Short QQQ Stock Performance

ProShares UltraPro Short QQQ stock opened at $11.08 on Friday. The business has a 50-day simple moving average of $11.08 and a 200 day simple moving average of $13.71. ProShares UltraPro Short QQQ has a 52 week low of $10.05 and a 52 week high of $31.09.

ProShares UltraPro Short QQQ Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Thursday, March 21st were issued a $0.164 dividend. The ex-dividend date was Wednesday, March 20th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SQQQ. Per Stirling Capital Management LLC. grew its position in ProShares UltraPro Short QQQ by 4.9% during the third quarter. Per Stirling Capital Management LLC. now owns 15,566 shares of the company’s stock valued at $318,000 after acquiring an additional 725 shares during the last quarter. Spire Wealth Management grew its holdings in shares of ProShares UltraPro Short QQQ by 86.7% during the 3rd quarter. Spire Wealth Management now owns 1,867 shares of the company’s stock valued at $38,000 after purchasing an additional 867 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of ProShares UltraPro Short QQQ by 140.8% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,201 shares of the company’s stock valued at $30,000 after purchasing an additional 1,287 shares during the last quarter. PNC Financial Services Group Inc. raised its position in ProShares UltraPro Short QQQ by 11.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 14,123 shares of the company’s stock worth $289,000 after purchasing an additional 1,500 shares during the period. Finally, Larson Financial Group LLC boosted its position in ProShares UltraPro Short QQQ by 369.2% during the fourth quarter. Larson Financial Group LLC now owns 2,116 shares of the company’s stock valued at $28,000 after buying an additional 1,665 shares during the period.

ProShares UltraPro Short QQQ Company Profile

ProShares UltraPro Short QQQ (the Fund) seeks daily investment results, which corresponds to three times the inverse of the daily performance of the NASDAQ-100 Index (the Index). The Index includes 100 of the non-financial domestic and international issues listed on National Association of Securities Dealers Automated Quotation (NASDAQ) Stock Market.