14,691 Shares in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Bought by Private Advisor Group LLC

Key Points

• Private Advisor Group LLC acquired a new position in ProShares UltraPro Short QQQ (NASDAQ:SQQQ), purchasing 14,691 shares valued at approximately $563,000 in the first quarter.
• The stock opened at $18.17 with a 52-week low of $17.72 and a high of $57.95, indicating significant volatility in its performance.
• ProShares UltraPro Short QQQ recently announced a quarterly dividend of $0.2566 per share, which represents a 5.65% dividend yield.

Private Advisor Group LLC purchased a new stake in ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 14,691 shares of the company's stock, valued at approximately $563,000.

Several other institutional investors also recently bought and sold shares of SQQQ. Headlands Technologies LLC purchased a new stake in ProShares UltraPro Short QQQ during the 4th quarter worth $2,922,000. DRW Securities LLC bought a new position in ProShares UltraPro Short QQQ in the 4th quarter worth about $3,155,000. Tower Research Capital LLC TRC boosted its holdings in shares of ProShares UltraPro Short QQQ by 6,510.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 33,054 shares of the company's stock valued at $1,029,000 after acquiring an additional 32,554 shares in the last quarter. Raffles Associates LP bought a new position in shares of ProShares UltraPro Short QQQ in the fourth quarter valued at approximately $623,000. Finally, Squarepoint Ops LLC bought a new position in shares of ProShares UltraPro Short QQQ in the fourth quarter valued at approximately $7,334,000.

ProShares UltraPro Short QQQ Trading Down 0.4%

Shares of ProShares UltraPro Short QQQ stock traded down $0.07 on Wednesday, hitting $18.10. The company had a trading volume of 102,239,282 shares, compared to its average volume of 91,115,023. ProShares UltraPro Short QQQ has a 52 week low of $17.72 and a 52 week high of $57.95. The business has a 50-day simple moving average of $20.91 and a 200-day simple moving average of $28.54.

ProShares UltraPro Short QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Wednesday, June 25th were given a $0.2566 dividend. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $1.03 annualized dividend and a dividend yield of 5.67%.

ProShares UltraPro Short QQQ Company Profile

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.