Group One Trading LLC Purchases 150,441 Shares of ProShares UltraPro Short QQQ $SQQQ

Key Points

• Group One Trading LLC boosted its stake in ProShares UltraPro Short QQQ (SQQQ) by 161.8% in Q3, buying an additional 150,441 shares to hold 243,434 shares worth about $3.71 million (0.10% of the fund).
• ProShares raised the quarterly dividend to $1.5055 (paid Dec. 31), up from $1.21, implying a $6.02 annualized payout and an approximate 8.2% yield.
• SQQQ is a leveraged inverse ETF that targets daily returns equal to three times the inverse of the NASDAQ-100, and several institutions (including Citigroup, Optiver and Smithfield Trust) materially increased positions in Q3.

Group One Trading LLC grew its position in ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Free Report) by 161.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 243,434 shares of the company's stock after buying an additional 150,441 shares during the period. Group One Trading LLC owned 0.10% of ProShares UltraPro Short QQQ worth $3,708,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. AXS Investments LLC bought a new position in shares of ProShares UltraPro Short QQQ during the 3rd quarter worth approximately $3,251,000. Smithfield Trust Co boosted its stake in ProShares UltraPro Short QQQ by 330.6% in the third quarter. Smithfield Trust Co now owns 559,600 shares of the company's stock valued at $8,523,000 after acquiring an additional 429,640 shares in the last quarter. Optiver Holding B.V. grew its holdings in ProShares UltraPro Short QQQ by 1,685.7% in the third quarter. Optiver Holding B.V. now owns 309,795 shares of the company's stock worth $4,718,000 after purchasing an additional 292,446 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in ProShares UltraPro Short QQQ by 448.3% in the third quarter. SBI Securities Co. Ltd. now owns 105,962 shares of the company's stock worth $1,614,000 after purchasing an additional 86,635 shares during the last quarter. Finally, Citigroup Inc. increased its position in shares of ProShares UltraPro Short QQQ by 17.5% during the third quarter. Citigroup Inc. now owns 714,260 shares of the company's stock worth $10,878,000 after purchasing an additional 106,243 shares in the last quarter.

ProShares UltraPro Short QQQ Trading Up 4.6%

Shares of SQQQ opened at $73.46 on Friday. ProShares UltraPro Short QQQ has a 12 month low of $61.72 and a 12 month high of $289.00. The stock has a fifty day moving average price of $68.54 and a 200-day moving average price of $72.93.

ProShares UltraPro Short QQQ Increases Dividend

The firm 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 a boost from ProShares UltraPro Short QQQ's previous quarterly dividend of $1.21. This represents a $6.02 annualized dividend and a yield of 8.2%. 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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