Canal Insurance CO bought a new stake in ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 50,000 shares of the company's stock, valued at approximately $1,917,000. Canal Insurance CO owned 0.07% of ProShares UltraPro Short QQQ as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in SQQQ. SBI Securities Co. Ltd. acquired a new stake in ProShares UltraPro Short QQQ in the fourth quarter valued at about $423,000. Sollinda Capital Management LLC bought a new position in shares of ProShares UltraPro Short QQQ in the fourth quarter worth about $13,933,000. Axxcess Wealth Management LLC acquired a new stake in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at approximately $3,144,000. Headlands Technologies LLC acquired a new stake in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at approximately $2,922,000. Finally, DRW Securities LLC bought a new stake in shares of ProShares UltraPro Short QQQ during the 4th quarter valued at approximately $3,155,000.
ProShares UltraPro Short QQQ Price Performance
NASDAQ:SQQQ traded down $0.45 on Monday, hitting $19.49. The company had a trading volume of 55,944,045 shares, compared to its average volume of 92,776,742. ProShares UltraPro Short QQQ has a 52 week low of $19.45 and a 52 week high of $57.95. The firm has a 50 day moving average of $25.60 and a two-hundred day moving average of $30.27.
ProShares UltraPro Short QQQ Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 25th will be paid a $0.2566 dividend. This represents a $1.03 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date of this dividend is 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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