GTS Securities LLC Sells 495,592 Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ)

GTS Securities LLC cut its holdings in ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Free Report) by 95.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,808 shares of the company's stock after selling 495,592 shares during the quarter. GTS Securities LLC's holdings in ProShares UltraPro Short QQQ were worth $773,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Foundations Investment Advisors LLC bought a new position in ProShares UltraPro Short QQQ in the 4th quarter worth $360,000. Capital Investment Advisory Services LLC purchased a new position in shares of ProShares UltraPro Short QQQ during the fourth quarter valued at about $2,374,000. Ridgepath Capital Management LLC grew its position in ProShares UltraPro Short QQQ by 761.2% in the fourth quarter. Ridgepath Capital Management LLC now owns 103,348 shares of the company's stock worth $3,218,000 after acquiring an additional 91,348 shares in the last quarter. Hodges Capital Management Inc. purchased a new position in ProShares UltraPro Short QQQ in the fourth quarter worth about $623,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in ProShares UltraPro Short QQQ in the fourth quarter worth about $439,000.

ProShares UltraPro Short QQQ Stock Up 4.5%

NASDAQ SQQQ traded up $1.06 during trading on Friday, hitting $24.64. The stock had a trading volume of 70,359,182 shares, compared to its average volume of 57,863,519. ProShares UltraPro Short QQQ has a one year low of $22.69 and a one year high of $57.95. The stock has a 50 day simple moving average of $32.97 and a 200 day simple moving average of $31.74.

ProShares UltraPro Short QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were paid a $0.4823 dividend. This represents a $1.93 annualized dividend and a yield of 7.83%. The ex-dividend date was Wednesday, March 26th.

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.