ProShares UltraShort Top QQQ (NASDAQ:QQDN) Short Interest Up 226.1% in December

ProShares UltraShort Top QQQ (NASDAQ:QQDN) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 3,656 shares, a growth of 226.1% from the November 30th total of 1,121 shares. Currently, 3.3% of the company’s shares are short sold. Based on an average daily volume of 2,511 shares, the days-to-cover ratio is presently 1.5 days. Based on an average daily volume of 2,511 shares, the days-to-cover ratio is presently 1.5 days. Currently, 3.3% of the company’s shares are short sold.

Institutional Investors Weigh In On ProShares UltraShort Top QQQ

An institutional investor recently bought a new position in ProShares UltraShort Top QQQ stock. BNP Paribas Financial Markets acquired a new stake in ProShares UltraShort Top QQQ (NASDAQ:QQDN) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 100,000 shares of the company’s stock, valued at approximately $3,662,000. BNP Paribas Financial Markets owned 90.91% of ProShares UltraShort Top QQQ at the end of the most recent quarter.

ProShares UltraShort Top QQQ Stock Down 0.5%

NASDAQ QQDN opened at $24.66 on Friday. ProShares UltraShort Top QQQ has a one year low of $23.60 and a one year high of $41.14. The business has a 50 day simple moving average of $25.63 and a 200 day simple moving average of $29.87.

ProShares UltraShort Top QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 24th will be paid a $0.6257 dividend. This is an increase from ProShares UltraShort Top QQQ’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, December 24th. This represents a $2.50 dividend on an annualized basis and a yield of 10.1%.

ProShares UltraShort Top QQQ Company Profile

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.