TB Alternative Assets Ltd. Has $31.05 Million Stake in ProShares UltraPro Short QQQ $SQQQ

Key Points

• TB Alternative Assets Ltd. trimmed its position in ProShares UltraPro Short QQQ (SQQQ) by 17.8% in Q4 to 453,250 shares worth about $31.05 million, representing roughly 5.1% of the fund’s portfolio and ~1.33% of SQQQ.
• Other institutions also adjusted exposure: JPMorgan Chase boosted its stake by 804% to 184,884 shares (~$2.82M) and Sollinda Capital Management initiated a new position of about $3.435M.
• SQQQ recently traded near $77.45 (50-day/200-day averages $72.26/$71.44) with a 12‑month range of $61.72–$289.00, and paid a quarterly dividend of $0.6384 ($2.55 annualized, ~3.3% yield).

TB Alternative Assets Ltd. trimmed its holdings in ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Free Report) by 17.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 453,250 shares of the company's stock after selling 97,880 shares during the period. ProShares UltraPro Short QQQ accounts for about 5.1% of TB Alternative Assets Ltd.'s portfolio, making the stock its 6th biggest holding. TB Alternative Assets Ltd. owned approximately 1.33% of ProShares UltraPro Short QQQ worth $31,048,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Sollinda Capital Management LLC acquired a new position in shares of ProShares UltraPro Short QQQ in the fourth quarter valued at $3,435,000. JPMorgan Chase & Co. lifted its holdings in shares of ProShares UltraPro Short QQQ by 804.3% during the third quarter. JPMorgan Chase & Co. now owns 184,884 shares of the company's stock worth $2,816,000 after buying an additional 164,440 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of ProShares UltraPro Short QQQ in the third quarter valued at about $63,000. Cantor Fitzgerald L. P. grew its stake in shares of ProShares UltraPro Short QQQ by 38.3% in the third quarter. Cantor Fitzgerald L. P. now owns 61,142 shares of the company's stock valued at $931,000 after acquiring an additional 16,944 shares in the last quarter. Finally, Chelsea Counsel Co. acquired a new stake in ProShares UltraPro Short QQQ in the 3rd quarter worth about $631,000.

ProShares UltraPro Short QQQ Price Performance

NASDAQ SQQQ opened at $77.45 on Thursday. The firm has a 50-day moving average price of $72.26 and a two-hundred day moving average price of $71.44. ProShares UltraPro Short QQQ has a 12-month low of $61.72 and a 12-month high of $289.00.

ProShares UltraPro Short QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th were given a dividend of $0.6384 per share. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $2.55 dividend on an annualized basis and a yield of 3.3%.

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. 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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