2,189,526 Shares in ProShares UltraPro Short QQQ $SQQQ Bought by Quadrature Capital Ltd

Key Points

• Quadrature Capital Ltd bought 2,189,526 shares of ProShares UltraPro Short QQQ (SQQQ) in Q3, a new position worth about $33.37 million that represents roughly 0.94% ownership.
• ProShares raised its quarterly dividend to $1.5055 (paid Dec. 31) from $1.21, which annualizes to $6.02 and implies a roughly 8.1% yield.
• SQQQ is a leveraged inverse ETF that seeks daily returns equal to −3× the NASDAQ‑100, meaning it is primarily a short/hedging instrument rather than a long‑term buy-and-hold product.

Quadrature Capital Ltd acquired a new position in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,189,526 shares of the company's stock, valued at approximately $33,368,000. Quadrature Capital Ltd owned 0.94% of ProShares UltraPro Short QQQ as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SQQQ. Citigroup Inc. raised its stake in shares of ProShares UltraPro Short QQQ by 17.5% in the third quarter. Citigroup Inc. now owns 714,260 shares of the company's stock valued at $10,878,000 after acquiring an additional 106,243 shares during the period. Q Fund Management Hong Kong Ltd purchased a new position in shares of ProShares UltraPro Short QQQ during the 2nd quarter worth about $11,051,000. Smithfield Trust Co grew its holdings in ProShares UltraPro Short QQQ by 330.6% during the 3rd quarter. Smithfield Trust Co now owns 559,600 shares of the company's stock valued at $8,523,000 after purchasing an additional 429,640 shares during the last quarter. TB Alternative Assets Ltd. bought a new position in ProShares UltraPro Short QQQ during the 3rd quarter valued at about $8,394,000. Finally, Two Seas Capital LP purchased a new stake in ProShares UltraPro Short QQQ in the 2nd quarter worth about $9,785,000.

ProShares UltraPro Short QQQ Price Performance

Shares of NASDAQ SQQQ opened at $74.33 on Friday. ProShares UltraPro Short QQQ has a 1 year low of $61.72 and a 1 year high of $289.00. The firm has a 50-day simple moving average of $68.86 and a two-hundred day simple moving average of $72.40.

ProShares UltraPro Short QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 24th were issued a $1.5055 dividend. The ex-dividend date was Wednesday, December 24th. This is a positive change from ProShares UltraPro Short QQQ's previous quarterly dividend of $1.21. This represents a $6.02 annualized dividend and a dividend yield of 8.1%.

About ProShares UltraPro Short QQQ

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. The Fund invests in derivatives. It also invests in short-term cash instruments, which have a remaining maturity of 397 days or less and exhibit high quality credit profiles.

Want to see what other hedge funds are holding SQQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Free Report).

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