Elevatus Welath Management bought a new position in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 510,160 shares of the company's stock, valued at approximately $10,428,000. ProShares UltraPro Short QQQ comprises about 9.4% of Elevatus Welath Management's portfolio, making the stock its 2nd biggest holding. Elevatus Welath Management owned about 0.31% of ProShares UltraPro Short QQQ as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Spire Wealth Management grew its holdings in ProShares UltraPro Short QQQ by 86.7% in the 3rd quarter. Spire Wealth Management now owns 1,867 shares of the company's stock valued at $38,000 after buying an additional 867 shares in the last quarter. Hoey Investments Inc. grew its holdings in ProShares UltraPro Short QQQ by 100.0% in the 3rd quarter. Hoey Investments Inc. now owns 2,000 shares of the company's stock valued at $41,000 after buying an additional 1,000 shares in the last quarter. Castleview Partners LLC acquired a new position in ProShares UltraPro Short QQQ in the 1st quarter valued at $70,000. Steward Partners Investment Advisory LLC acquired a new position in ProShares UltraPro Short QQQ in the 1st quarter valued at $88,000. Finally, Bank of Montreal Can acquired a new position in ProShares UltraPro Short QQQ in the 2nd quarter valued at $59,000.
ProShares UltraPro Short QQQ Stock Performance
Shares of NASDAQ:SQQQ traded up $0.04 during trading on Monday, reaching $10.53. 43,529,114 shares of the company traded hands, compared to its average volume of 127,634,141. The company's 50 day moving average is $12.45 and its two-hundred day moving average is $16.17. ProShares UltraPro Short QQQ has a 52 week low of $10.43 and a 52 week high of $42.57.
ProShares UltraPro Short QQQ Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, December 21st were given a dividend of $0.283 per share. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $1.13 annualized dividend and a dividend yield of 10.75%.
ProShares UltraPro Short QQQ 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.
Featured Articles
Want to see what other hedge funds are holding SQQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Free Report).
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.
Before you consider ProShares UltraPro Short QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ProShares UltraPro Short QQQ wasn't on the list.
While ProShares UltraPro Short QQQ currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
