ProShares UltraShort Top QQQ (NASDAQ:QQDN) Sees Large Increase in Short Interest

ProShares UltraShort Top QQQ (NASDAQ:QQDNGet Free Report) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 106 shares, an increase of 324.0% from the January 15th total of 25 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 359 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 359 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s stock are short sold.

ProShares UltraShort Top QQQ Stock Performance

ProShares UltraShort Top QQQ stock opened at $29.52 on Friday. The business has a fifty day moving average of $26.16 and a two-hundred day moving average of $27.54. ProShares UltraShort Top QQQ has a twelve month low of $23.60 and a twelve 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. Investors of record on Wednesday, December 24th were given a dividend of $0.6257 per share. The ex-dividend date of this dividend 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 dividend on an annualized basis and a yield of 8.5%.

Institutional Trading of ProShares UltraShort Top QQQ

A hedge fund recently bought a new stake in ProShares UltraShort Top QQQ stock. BNP Paribas Financial Markets acquired a new position in ProShares UltraShort Top QQQ (NASDAQ:QQDNFree Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 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 SEC filing.

About ProShares UltraShort Top QQQ

(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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