Cantor Fitzgerald L. P. Acquires 16,944 Shares of ProShares UltraPro Short QQQ $SQQQ

Key Points

• Cantor Fitzgerald L. P. increased its stake in ProShares UltraPro Short QQQ (SQQQ) by 38.3% in Q3, buying 16,944 shares to hold 61,142 shares — about 0.13% of the fund valued at $931,000.
• Other institutions also moved in, notably Smithfield Trust, which boosted its position 330.6% to 559,600 shares (~$8.52M), and Optiver, which grew its stake 1,685.7% to 309,795 shares (~$4.72M), while several firms initiated new positions.
• SQQQ raised its quarterly dividend to $1.5055 (annualized $6.02), implying a roughly 8.0% yield, with shares trading near $75.21 and a 52-week range of $61.72–$289.00.

Cantor Fitzgerald L. P. grew its holdings in ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Free Report) by 38.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 61,142 shares of the company's stock after buying an additional 16,944 shares during the quarter. Cantor Fitzgerald L. P. owned approximately 0.13% of ProShares UltraPro Short QQQ worth $931,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. AXS Investments LLC acquired a new stake in ProShares UltraPro Short QQQ in the 3rd quarter valued at about $3,251,000. Smithfield Trust Co lifted 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 worth $8,523,000 after purchasing an additional 429,640 shares in the last quarter. Intellectus Partners LLC acquired a new position in shares of ProShares UltraPro Short QQQ during the third quarter worth approximately $381,000. CreativeOne Wealth LLC bought a new stake in shares of ProShares UltraPro Short QQQ during the third quarter valued at approximately $831,000. Finally, Optiver Holding B.V. grew its stake in shares of ProShares UltraPro Short QQQ by 1,685.7% during the third quarter. Optiver Holding B.V. now owns 309,795 shares of the company's stock valued at $4,718,000 after purchasing an additional 292,446 shares during the last quarter.

ProShares UltraPro Short QQQ Price Performance

Shares of ProShares UltraPro Short QQQ stock opened at $75.21 on Thursday. The firm has a 50 day simple moving average of $69.44 and a 200 day simple moving average of $71.88. ProShares UltraPro Short QQQ has a fifty-two week low of $61.72 and a fifty-two week high of $289.00.

ProShares UltraPro Short QQQ Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $6.02 annualized dividend and a dividend yield of 8.0%.

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.

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