ProShares UltraShort Top QQQ (NASDAQ:QQDN) Short Interest Down 49.0% in January

ProShares UltraShort Top QQQ (NASDAQ:QQDN) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 25 shares, a drop of 49.0% from the December 31st total of 49 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,832 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 3,832 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the shares of the stock are sold short.

ProShares UltraShort Top QQQ Stock Performance

ProShares UltraShort Top QQQ stock opened at $25.34 on Thursday. ProShares UltraShort Top QQQ has a 1 year low of $23.60 and a 1 year high of $41.14. The firm’s 50 day moving average price is $25.79 and its two-hundred day moving average price is $28.02.

ProShares UltraShort Top QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 24th were given a dividend of $0.6257 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 9.9%. This is a boost from ProShares UltraShort Top QQQ’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Wednesday, December 24th.

Hedge Funds Weigh In On ProShares UltraShort Top QQQ

A hedge fund recently bought a new stake in ProShares UltraShort Top QQQ stock. BNP Paribas Financial Markets purchased a new position in ProShares UltraShort Top QQQ (NASDAQ:QQDN) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 100,000 shares of the company’s stock, valued at approximately $3,662,000. BNP Paribas Financial Markets owned approximately 90.91% of ProShares UltraShort Top QQQ at the end of the most recent quarter.

About ProShares UltraShort Top QQQ

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.