Wealth Enhancement Advisory Services LLC Cuts Stock Position in ProShares UltraPro Short QQQ $SQQQ

Key Points

• Wealth Enhancement Advisory Services LLC cut its position in ProShares UltraPro Short QQQ (SQQQ) by 79.8% in Q4, selling 24,761 shares and leaving it with 6,275 shares worth about $412,000.
• Other institutional moves included increases and new stakes — e.g., Parallel Advisors up 105.4%, Osaic Holdings up 47.2%, and new positions by FNY Investment Advisers, CWA Asset Management and Cedar Wealth Management.
• SQQQ is a leveraged ETF that seeks daily results equal to three times the inverse of the NASDAQ‑100, and it recently paid a quarterly dividend of $0.6384 (annualized $2.55, ~3.8% yield; ex‑dividend Mar 25).

Wealth Enhancement Advisory Services LLC cut its holdings in ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Free Report) by 79.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,275 shares of the company's stock after selling 24,761 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in ProShares UltraPro Short QQQ were worth $412,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Parallel Advisors LLC increased its position in shares of ProShares UltraPro Short QQQ by 105.4% in the third quarter. Parallel Advisors LLC now owns 1,992 shares of the company's stock valued at $30,000 after buying an additional 1,022 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of ProShares UltraPro Short QQQ by 47.2% in the second quarter. Osaic Holdings Inc. now owns 2,170 shares of the company's stock valued at $42,000 after buying an additional 696 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of ProShares UltraPro Short QQQ in the third quarter valued at approximately $63,000. CWA Asset Management Group LLC acquired a new stake in shares of ProShares UltraPro Short QQQ in the third quarter valued at about $152,000. Finally, Cedar Wealth Management LLC purchased a new position in shares of ProShares UltraPro Short QQQ in the third quarter worth about $152,000.

ProShares UltraPro Short QQQ Stock Down 0.4%

Shares of NASDAQ SQQQ opened at $67.62 on Friday. ProShares UltraPro Short QQQ has a 12-month low of $61.72 and a 12-month high of $214.40. The company has a 50-day moving average of $73.41 and a 200 day moving average of $71.14.

ProShares UltraPro Short QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were issued a $0.6384 dividend. This represents a $2.55 annualized dividend and a yield of 3.8%. The ex-dividend date was Wednesday, March 25th.

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. 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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