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

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) was the target of some unusual options trading activity on Thursday. Stock traders acquired 371,677 call options on the company. This represents an increase of 63% compared to the average volume of 228,616 call options.

ProShares UltraPro Short QQQ Stock Down 1.6 %

Shares of ProShares UltraPro Short QQQ stock opened at $7.51 on Friday. The firm’s 50 day moving average price is $9.04 and its 200-day moving average price is $10.83. ProShares UltraPro Short QQQ has a 52-week low of $7.14 and a 52-week high of $23.34.

ProShares UltraPro Short QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 26th were issued a $0.1605 dividend. This represents a $0.64 annualized dividend and a yield of 8.55%. The ex-dividend date was Wednesday, June 26th.

Hedge Funds Weigh In On ProShares UltraPro Short QQQ

Large investors have recently made changes to their positions in the business. Annis Gardner Whiting Capital Advisors LLC boosted its stake in ProShares UltraPro Short QQQ by 140.8% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,201 shares of the company’s stock worth $30,000 after purchasing an additional 1,287 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of 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 worth $28,000 after buying an additional 1,665 shares during the period. Game Plan Financial Advisors LLC grew its holdings in shares of ProShares UltraPro Short QQQ by 450.5% during the first quarter. Game Plan Financial Advisors LLC now owns 3,055 shares of the company’s stock valued at $32,000 after buying an additional 2,500 shares during the last quarter. Peoples Bank KS acquired a new position in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at $54,000. Finally, Cedar Wealth Management LLC raised its stake in ProShares UltraPro Short QQQ by 17.1% in the 1st quarter. Cedar Wealth Management LLC now owns 28,374 shares of the company’s stock worth $297,000 after acquiring an additional 4,142 shares during the last quarter.

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.