Jump Financial LLC bought a new position in ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,611,182 shares of the company's stock, valued at approximately $21,670,000. ProShares UltraPro Short QQQ accounts for 0.7% of Jump Financial LLC's investment portfolio, making the stock its 6th biggest holding. Jump Financial LLC owned approximately 0.65% of ProShares UltraPro Short QQQ at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Smithfield Trust Co bought a new position in ProShares UltraPro Short QQQ during the 4th quarter valued at about $2,458,000. Merit Financial Group LLC acquired a new position in shares of ProShares UltraPro Short QQQ during the fourth quarter worth approximately $145,000. Avaii Wealth Management LLC grew its stake in shares of ProShares UltraPro Short QQQ by 126.8% during the fourth quarter. Avaii Wealth Management LLC now owns 47,049 shares of the company's stock valued at $633,000 after purchasing an additional 26,305 shares during the last quarter. Legacy Capital Wealth Partners LLC acquired a new stake in shares of ProShares UltraPro Short QQQ in the fourth quarter valued at approximately $161,000. Finally, Headlands Technologies LLC raised its position in ProShares UltraPro Short QQQ by 177.5% in the 4th quarter. Headlands Technologies LLC now owns 35,634 shares of the company's stock worth $479,000 after purchasing an additional 22,793 shares during the last quarter.
ProShares UltraPro Short QQQ Stock Down 0.7 %
SQQQ traded down $0.07 during mid-day trading on Friday, reaching $10.61. The stock had a trading volume of 99,864,578 shares, compared to its average volume of 136,653,563. The firm's fifty day simple moving average is $11.05 and its two-hundred day simple moving average is $13.23. ProShares UltraPro Short QQQ has a 52 week low of $10.05 and a 52 week high of $28.89.
ProShares UltraPro Short QQQ Dividend Announcement
The company also recently disclosed a dividend, which was paid on Wednesday, March 27th. Investors of record on Thursday, March 21st were given a $0.164 dividend. The ex-dividend date of this dividend was Wednesday, March 20th.
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.
Further Reading
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 likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
