ProShares UltraPro Short QQQ Target of Unusually High Options Trading (NASDAQ:SQQQ)

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) was the target of some unusual options trading activity on Friday. Traders purchased 367,664 call options on the stock. This represents an increase of approximately 59% compared to the average volume of 230,647 call options.

ProShares UltraPro Short QQQ Trading Up 6.4 %

Shares of NASDAQ:SQQQ opened at $12.84 on Friday. The firm’s 50 day moving average price is $11.03 and its 200-day moving average price is $14.19. ProShares UltraPro Short QQQ has a twelve month low of $10.05 and a twelve month high of $32.73.

ProShares UltraPro Short QQQ Dividend Announcement

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

Hedge Funds Weigh In On ProShares UltraPro Short QQQ

Institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC raised its stake in ProShares UltraPro Short QQQ by 369.2% during the 4th quarter. Larson Financial Group LLC now owns 2,116 shares of the company’s stock worth $28,000 after acquiring an additional 1,665 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of ProShares UltraPro Short QQQ by 140.8% during the fourth 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 during the last quarter. Game Plan Financial Advisors LLC lifted its position 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 worth $32,000 after purchasing an additional 2,500 shares during the last quarter. Spire Wealth Management lifted its position in shares of ProShares UltraPro Short QQQ by 86.7% during the third quarter. Spire Wealth Management now owns 1,867 shares of the company’s stock worth $38,000 after purchasing an additional 867 shares during the last quarter. Finally, Hoey Investments Inc. raised its holdings in shares of ProShares UltraPro Short QQQ by 100.0% in the third quarter. Hoey Investments Inc. now owns 2,000 shares of the company’s stock valued at $41,000 after acquiring an additional 1,000 shares in the last quarter.

About ProShares UltraPro Short QQQ

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.