IMC Chicago LLC Acquires Shares of 451,709 ProShares UltraPro Short QQQ (NASDAQ:SQQQ)

IMC Chicago LLC purchased a new position in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 451,709 shares of the company's stock, valued at approximately $17,319,000. IMC Chicago LLC owned 0.68% of ProShares UltraPro Short QQQ as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC acquired a new stake in shares of ProShares UltraPro Short QQQ in the first quarter worth $27,000. Centerpoint Advisors LLC grew its position in ProShares UltraPro Short QQQ by 20.0% during the 4th quarter. Centerpoint Advisors LLC now owns 6,000 shares of the company's stock worth $187,000 after purchasing an additional 1,000 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at about $423,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at about $439,000. Finally, Compagnie Lombard Odier SCmA boosted its stake in shares of ProShares UltraPro Short QQQ by 3,357.5% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 16,596 shares of the company's stock worth $517,000 after buying an additional 16,116 shares during the last quarter.

ProShares UltraPro Short QQQ Stock Down 0.4%

SQQQ stock traded down $0.08 during trading on Monday, hitting $22.27. 71,494,204 shares of the company traded hands, compared to its average volume of 59,812,811. ProShares UltraPro Short QQQ has a 1 year low of $21.94 and a 1 year high of $57.95. The stock's 50-day simple moving average is $31.37 and its 200 day simple moving average is $31.28.

ProShares UltraPro Short QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were paid a $0.4823 dividend. This represents a $1.93 annualized dividend and a dividend yield of 8.66%. The ex-dividend date of this dividend was Wednesday, March 26th.

About ProShares UltraPro Short QQQ

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.