DRW Securities LLC Lowers Holdings in ProShares UltraPro Short QQQ $SQQQ

Key Points

• DRW Securities LLC reduced its stake in ProShares UltraPro Short QQQ by 64.6% during the first quarter, ending up with 35,914 shares valued at approximately $1.38 million.
• ProShares UltraPro Short QQQ recently announced a quarterly dividend of $0.2566, providing shareholders with an annualized yield of 5.7%.
• Stock price for ProShares UltraPro Short QQQ saw a 3.7% increase, with current trading around $17.95, compared to a one-year low of $16.71.

DRW Securities LLC lessened its stake in ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Free Report) by 64.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,914 shares of the company's stock after selling 65,407 shares during the quarter. DRW Securities LLC's holdings in ProShares UltraPro Short QQQ were worth $1,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Parallel Advisors LLC purchased a new position in shares of ProShares UltraPro Short QQQ in the 1st quarter worth about $27,000. Redwood Park Advisors LLC raised its position in shares of ProShares UltraPro Short QQQ by 69.3% in the 1st quarter. Redwood Park Advisors LLC now owns 887 shares of the company's stock worth $34,000 after purchasing an additional 363 shares during the last quarter. PayPay Securities Corp raised its position in shares of ProShares UltraPro Short QQQ by 85.9% in the 1st quarter. PayPay Securities Corp now owns 1,556 shares of the company's stock worth $60,000 after purchasing an additional 719 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of ProShares UltraPro Short QQQ in the 1st quarter worth about $100,000. Finally, CWA Asset Management Group LLC purchased a new position in shares of ProShares UltraPro Short QQQ in the 1st quarter worth about $357,000.

ProShares UltraPro Short QQQ Stock Up 3.7%

SQQQ opened at $17.95 on Monday. The stock has a 50-day moving average price of $18.66 and a 200-day moving average price of $26.82. 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Wednesday, June 25th were given a $0.2566 dividend. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $1.03 dividend on an annualized basis and a yield of 5.7%.

ProShares UltraPro Short QQQ Company 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.

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