Squarepoint Ops LLC purchased a new stake in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 235,533 shares of the company's stock, valued at approximately $7,334,000. Squarepoint Ops LLC owned 0.35% of ProShares UltraPro Short QQQ at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of SQQQ. Foundations Investment Advisors LLC acquired a new position in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at about $360,000. Capital Investment Advisory Services LLC purchased a new position in ProShares UltraPro Short QQQ during the fourth quarter valued at approximately $2,374,000. Ridgepath Capital Management LLC increased its stake in ProShares UltraPro Short QQQ by 761.2% in the 4th quarter. Ridgepath Capital Management LLC now owns 103,348 shares of the company's stock valued at $3,218,000 after buying an additional 91,348 shares during the period. Hodges Capital Management Inc. purchased a new stake in ProShares UltraPro Short QQQ in the 4th quarter worth approximately $623,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of ProShares UltraPro Short QQQ during the 4th quarter valued at $439,000.
ProShares UltraPro Short QQQ Trading Up 1.4%
Shares of ProShares UltraPro Short QQQ stock traded up $0.32 on Wednesday, hitting $23.72. 73,925,259 shares of the company traded hands, compared to its average volume of 57,248,676. ProShares UltraPro Short QQQ has a 12-month low of $22.40 and a 12-month high of $57.95. The company has a 50-day moving average price of $33.43 and a 200 day moving average price of $31.85.
ProShares UltraPro Short QQQ Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were issued 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 8.13%.
ProShares UltraPro Short QQQ Company Profile
(
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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