Lane Generational LLC Buys Shares of 271,457 ProShares UltraPro Short QQQ (NASDAQ:SQQQ)

Lane Generational LLC bought a new position in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 271,457 shares of the company's stock, valued at approximately $5,549,000. ProShares UltraPro Short QQQ accounts for approximately 6.9% of Lane Generational LLC's holdings, making the stock its 2nd biggest holding. Lane Generational LLC owned about 0.13% of ProShares UltraPro Short QQQ at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Hollencrest Capital Management increased its holdings in ProShares UltraPro Short QQQ by 1.1% during the 1st quarter. Hollencrest Capital Management now owns 43,836 shares of the company's stock worth $1,287,000 after purchasing an additional 470 shares in the last quarter. Clay Northam Wealth Management LLC boosted its position in ProShares UltraPro Short QQQ by 5.7% during the 2nd quarter. Clay Northam Wealth Management LLC now owns 19,125 shares of the company's stock worth $362,000 after acquiring an additional 1,025 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of ProShares UltraPro Short QQQ by 8.4% during the 2nd quarter. Captrust Financial Advisors now owns 15,729 shares of the company's stock worth $297,000 after acquiring an additional 1,225 shares in the last quarter. Gables Capital Management Inc. acquired a new stake in shares of ProShares UltraPro Short QQQ in the second quarter valued at approximately $28,000. Finally, Commonwealth Equity Services LLC lifted its position in shares of ProShares UltraPro Short QQQ by 8.8% in the second quarter. Commonwealth Equity Services LLC now owns 19,515 shares of the company's stock worth $369,000 after purchasing an additional 1,582 shares in the last quarter.

ProShares UltraPro Short QQQ Stock Performance

Shares of SQQQ traded up $0.05 during midday trading on Thursday, reaching $13.27. The stock had a trading volume of 61,624,360 shares, compared to its average volume of 127,295,594. The firm has a 50 day simple moving average of $16.95 and a 200-day simple moving average of $18.28. ProShares UltraPro Short QQQ has a one year low of $13.11 and a one year high of $57.84.

ProShares UltraPro Short QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 21st will be issued a dividend of $0.283 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.53%. The ex-dividend date of this dividend is Wednesday, December 20th.

ProShares UltraPro Short QQQ 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.