54,537 Shares in ProShares UltraPro Short QQQ $SQQQ Purchased by CreativeOne Wealth LLC

Key Points

• CreativeOne Wealth LLC acquired a new stake of 54,537 shares in ProShares UltraPro Short QQQ (SQQQ) during the third quarter, valued at approximately $831,000.
• ProShares raised its quarterly dividend to $1.5055 (from $1.21), an annualized $6.02 payout with a yield of about 8.1%, paid Dec. 31 (ex-dividend Dec. 24).
• SQQQ is a leveraged ETF that seeks daily results equal to three times the inverse of the NASDAQ‑100, and several other institutions — notably Citigroup, which increased its stake to 714,260 shares (~$10.9M) — also built or raised positions.

CreativeOne Wealth LLC acquired a new stake in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 54,537 shares of the company's stock, valued at approximately $831,000.

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

ProShares UltraPro Short QQQ Stock Up 5.2%

SQQQ stock opened at $74.33 on Friday. The stock's 50 day simple moving average is $68.86 and its 200 day simple moving average is $72.40. ProShares UltraPro Short QQQ has a 12-month low of $61.72 and a 12-month high of $289.00.

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 paid a $1.5055 dividend. This is an increase 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%. The ex-dividend date was Wednesday, December 24th.

ProShares UltraPro Short QQQ 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. 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.

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