Cantor Fitzgerald L. P. Grows Stake in ProShares UltraPro Short QQQ $SQQQ

Key Points

• Cantor Fitzgerald increased its stake in ProShares UltraPro Short QQQ (SQQQ) by 38.3% in Q3, buying 16,944 shares to hold 61,142 shares valued at about $931,000.
• ProShares raised SQQQ's quarterly dividend to $1.5055 (paid Dec. 31), up from $1.21, which annualizes to $6.02 and implies an approximate 8.0% yield.
• SQQQ targets daily returns equal to three times the inverse of the NASDAQ-100; it trades around $75.74 with a 50-day MA of $69, a 200-day MA of $72.08, and a 52-week range of $61.72–$289, indicating high volatility.

Cantor Fitzgerald L. P. grew its holdings in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Free Report) by 38.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,142 shares of the company's stock after purchasing an additional 16,944 shares during the period. Cantor Fitzgerald L. P.'s holdings in ProShares UltraPro Short QQQ were worth $931,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SQQQ. Osaic Holdings Inc. increased its position in ProShares UltraPro Short QQQ by 47.2% during the 2nd quarter. Osaic Holdings Inc. now owns 2,170 shares of the company's stock valued at $42,000 after buying an additional 696 shares in the last quarter. Parallel Advisors LLC boosted its holdings in ProShares UltraPro Short QQQ by 105.4% in the third quarter. Parallel Advisors LLC now owns 1,992 shares of the company's stock worth $30,000 after acquiring an additional 1,022 shares in the last quarter. MAI Capital Management acquired a new stake in ProShares UltraPro Short QQQ in the second quarter worth about $38,000. EverSource Wealth Advisors LLC grew its stake in shares of ProShares UltraPro Short QQQ by 43.5% during the second quarter. EverSource Wealth Advisors LLC now owns 16,499 shares of the company's stock worth $323,000 after acquiring an additional 4,999 shares during the last quarter. Finally, CWA Asset Management Group LLC purchased a new stake in shares of ProShares UltraPro Short QQQ during the third quarter worth about $152,000.

ProShares UltraPro Short QQQ Stock Performance

SQQQ opened at $75.74 on Monday. The firm's 50-day moving average price is $69.00 and its 200-day moving average price is $72.08. ProShares UltraPro Short QQQ has a 52-week low of $61.72 and a 52-week high of $289.00.

ProShares UltraPro Short QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 24th were issued 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 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend 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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