Investors sold shares of ProShares Short QQQ (NYSEARCA:PSQ) on strength during trading on Monday. $29.07 million flowed into the stock on the tick-up and $41.14 million flowed out of the stock on the tick-down, for a money net flow of $12.07 million out of the stock. Of all equities tracked, ProShares Short QQQ had the 11th highest net out-flow for the day. ProShares Short QQQ traded up $0.96 for the day and closed at $35.14
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 28th. Stockholders of record on Thursday, March 22nd were issued a dividend of $0.0401 per share. The ex-dividend date was Wednesday, March 21st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.46%.
Institutional investors have recently added to or reduced their stakes in the business. SeaBridge Investment Advisors LLC increased its stake in ProShares Short QQQ by 182.9% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 4,640 shares of the company’s stock valued at $165,000 after buying an additional 3,000 shares during the period. HRT Financial LLC acquired a new position in ProShares Short QQQ in the 4th quarter valued at approximately $233,000. Two Sigma Securities LLC increased its stake in ProShares Short QQQ by 35.7% in the 4th quarter. Two Sigma Securities LLC now owns 11,074 shares of the company’s stock valued at $394,000 after buying an additional 2,914 shares during the period. Financial Gravity Companies Inc. acquired a new position in ProShares Short QQQ in the 4th quarter valued at approximately $439,000. Finally, Sicart Associates LLC increased its stake in ProShares Short QQQ by 175.8% in the 4th quarter. Sicart Associates LLC now owns 16,550 shares of the company’s stock valued at $589,000 after buying an additional 10,550 shares during the period.
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ProShares Short QQQ Company Profile
ProShares Short QQQ is focused on daily investment results that correspond to the inverse (opposite) of the daily performance of the NASDAQ-100 Index. The NASDAQ-100 Index represents non-financial domestic and international issues listed on The NASDAQ Stock Market. The Fund takes positions in financial instruments (including derivatives) that in combination should have similar daily return characteristics as the inverse of the NASDAQ-100 Index.
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