Citigroup Inc. decreased its position in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Free Report) by 8.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 636,928 shares of the company's stock after selling 58,279 shares during the quarter. Citigroup Inc. owned 0.73% of ProShares UltraPro Short QQQ worth $24,420,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC purchased a new stake in ProShares UltraPro Short QQQ in the first quarter worth approximately $27,000. Redwood Park Advisors LLC boosted its stake in shares of ProShares UltraPro Short QQQ by 69.3% during the 1st quarter. Redwood Park Advisors LLC now owns 887 shares of the company's stock worth $34,000 after acquiring an additional 363 shares during the last quarter. PayPay Securities Corp boosted its stake in shares of ProShares UltraPro Short QQQ by 85.9% during the 1st quarter. PayPay Securities Corp now owns 1,556 shares of the company's stock worth $60,000 after acquiring an additional 719 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of ProShares UltraPro Short QQQ during the 1st quarter worth $100,000. Finally, CWA Asset Management Group LLC purchased a new position in shares of ProShares UltraPro Short QQQ during the 1st quarter worth $357,000.
ProShares UltraPro Short QQQ Trading Up 1.5%
Shares of ProShares UltraPro Short QQQ stock traded up $0.26 on Friday, hitting $17.27. 107,523,360 shares of the company's stock were exchanged, compared to its average volume of 93,123,875. The company has a 50-day simple moving average of $19.54 and a 200-day simple moving average of $27.57. ProShares UltraPro Short QQQ has a 1 year low of $16.71 and a 1 year high of $57.80.
ProShares UltraPro Short QQQ Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Wednesday, June 25th were issued a $0.2566 dividend. This represents a $1.03 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date was 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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