Robertson Stephens Wealth Management LLC acquired a new position in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 69,509 shares of the company's stock, valued at approximately $2,698,000. Robertson Stephens Wealth Management LLC owned approximately 0.11% of ProShares UltraPro Short QQQ at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of SQQQ. Parallel Advisors LLC purchased a new position in ProShares UltraPro Short QQQ during the 1st quarter valued at 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 buying an additional 719 shares in the last quarter. Centerpoint Advisors LLC raised its holdings in shares of ProShares UltraPro Short QQQ by 20.0% in the fourth quarter. Centerpoint Advisors LLC now owns 6,000 shares of the company's stock worth $187,000 after acquiring an additional 1,000 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of ProShares UltraPro Short QQQ in the fourth quarter valued at $423,000. Finally, Raffles Associates LP purchased a new stake in shares of ProShares UltraPro Short QQQ in the fourth quarter valued at $623,000.
ProShares UltraPro Short QQQ Trading Up 3.0%
ProShares UltraPro Short QQQ stock opened at $22.47 on Wednesday. The stock has a 50-day moving average price of $28.07 and a 200 day moving average price of $30.76. ProShares UltraPro Short QQQ has a 52 week low of $21.52 and a 52 week high of $57.95.
ProShares UltraPro Short QQQ Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were paid a dividend of $0.4823 per share. The ex-dividend date was Wednesday, March 26th. This represents a $1.93 annualized dividend and a dividend yield of 8.59%.
About ProShares UltraPro Short QQQ
(
Free Report)
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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