Private Advisor Group LLC acquired a new stake in ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 14,691 shares of the company's stock, valued at approximately $563,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new position in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at about $2,922,000. DRW Securities LLC bought a new position in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at about $3,155,000. Tower Research Capital LLC TRC boosted its stake in shares of ProShares UltraPro Short QQQ by 6,510.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 33,054 shares of the company's stock valued at $1,029,000 after purchasing an additional 32,554 shares during the last quarter. Raffles Associates LP bought a new position in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at about $623,000. Finally, Squarepoint Ops LLC bought a new position in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at about $7,334,000.
ProShares UltraPro Short QQQ Stock Up 6.0%
Shares of NASDAQ SQQQ traded up $1.10 during mid-day trading on Friday, hitting $19.52. The company's stock had a trading volume of 182,673,495 shares, compared to its average volume of 92,026,367. ProShares UltraPro Short QQQ has a one year low of $17.49 and a one year high of $57.95. The company's fifty day simple moving average is $20.68 and its 200-day simple moving average is $28.36.
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. This represents a $1.03 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Wednesday, June 25th.
About ProShares UltraPro Short QQQ
(
Free Report)
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.
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