ProShares UltraShort Top QQQ (NASDAQ:QQDN) Short Interest Update

ProShares UltraShort Top QQQ (NASDAQ:QQDN) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 49 shares, a drop of 98.7% from the December 15th total of 3,656 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 3,609 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 3,609 shares, the short-interest ratio is presently 0.0 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

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 its most recent Form 13F filing with the SEC. The institutional investor 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 at the end of the most recent quarter.

ProShares UltraShort Top QQQ Stock Performance

Shares of NASDAQ QQDN opened at $25.15 on Tuesday. The stock’s 50-day moving average is $25.65 and its two-hundred day moving average is $28.83. ProShares UltraShort Top QQQ has a 1-year low of $23.60 and a 1-year high of $41.14.

ProShares UltraShort Top QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 24th were paid a dividend of $0.6257 per share. The ex-dividend date was Wednesday, December 24th. This is a positive change from ProShares UltraShort Top QQQ’s previous quarterly dividend of $0.25. This represents a $2.50 dividend on an annualized basis and a dividend yield of 10.0%.

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.