Flow Traders U.S. LLC Purchases Shares of 65,530 ProShares UltraPro Short QQQ $SQQQ

Key Points

• Flow Traders U.S. LLC has acquired a new stake in ProShares UltraPro Short QQQ ($SQQQ), purchasing 65,530 shares valued at approximately $2.5 million during the first quarter.
• Other institutional investors, including Parallel Advisors LLC and CWA Asset Management Group LLC, have also increased their positions in the fund, indicating growing interest in $SQQQ.
• ProShares recently announced a quarterly dividend of $0.2566 per share, reflecting a yield of 5.5% on an annualized basis.

Flow Traders U.S. LLC bought a new stake in ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 65,530 shares of the company's stock, valued at approximately $2,512,000. Flow Traders U.S. LLC owned about 0.08% of ProShares UltraPro Short QQQ as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Redwood Park Advisors LLC raised its position in shares of ProShares UltraPro Short QQQ by 69.3% in the first quarter. Redwood Park Advisors LLC now owns 887 shares of the company's stock valued at $34,000 after buying an additional 363 shares during the last quarter. Parallel Advisors LLC acquired a new stake in ProShares UltraPro Short QQQ during the first quarter worth about $27,000. PayPay Securities Corp increased its position in ProShares UltraPro Short QQQ by 85.9% during the first 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. SBI Securities Co. Ltd. increased its position in ProShares UltraPro Short QQQ by 18.2% during the first quarter. SBI Securities Co. Ltd. now owns 16,070 shares of the company's stock worth $616,000 after purchasing an additional 2,480 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in ProShares UltraPro Short QQQ during the first quarter worth about $100,000.

ProShares UltraPro Short QQQ Price Performance

ProShares UltraPro Short QQQ stock traded down $0.02 during midday trading on Wednesday, hitting $17.68. 34,316,878 shares of the stock were exchanged, compared to its average volume of 93,174,758. ProShares UltraPro Short QQQ has a fifty-two week low of $16.71 and a fifty-two week high of $57.80. The stock's 50-day simple moving average is $18.95 and its 200 day simple moving average is $27.04.

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 given a dividend of $0.2566 per share. The ex-dividend date was Wednesday, June 25th. This represents a $1.03 dividend on an annualized basis and a dividend yield of 5.8%.

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.