CWM LLC bought a new position in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 26,507 shares of the company's stock, valued at approximately $1,016,000.
A number of other hedge funds also recently added to or reduced their stakes in the business. IMC Chicago LLC acquired a new stake in shares of ProShares UltraPro Short QQQ in the 1st quarter valued at $17,319,000. Squarepoint Ops LLC acquired a new stake in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at $7,334,000. DRW Securities LLC acquired a new stake in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at $3,155,000. Headlands Technologies LLC acquired a new stake in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at $2,922,000. Finally, Robertson Stephens Wealth Management LLC acquired a new stake in shares of ProShares UltraPro Short QQQ in the 1st quarter valued at $2,698,000.
ProShares UltraPro Short QQQ Trading Down 1.1%
Shares of NASDAQ SQQQ traded down $0.21 during mid-day trading on Thursday, reaching $18.27. The company had a trading volume of 57,635,699 shares, compared to its average volume of 91,245,250. The firm has a 50 day simple moving average of $21.46 and a two-hundred day simple moving average of $28.96. ProShares UltraPro Short QQQ has a 52-week low of $18.24 and a 52-week high of $57.95.
ProShares UltraPro Short QQQ Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Wednesday, June 25th were given a $0.2566 dividend. This represents a $1.03 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date was Wednesday, June 25th.
ProShares UltraPro Short QQQ Company Profile
(
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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