Raffles Associates LP purchased a new position in shares of 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 purchased 20,000 shares of the company's stock, valued at approximately $623,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC grew its holdings in ProShares UltraPro Short QQQ by 157.8% during the third quarter. Barclays PLC now owns 203,395 shares of the company's stock worth $1,503,000 after acquiring an additional 124,500 shares during the period. World Investment Advisors LLC boosted its holdings in ProShares UltraPro Short QQQ by 51.0% during the third quarter. World Investment Advisors LLC now owns 28,000 shares of the company's stock worth $207,000 after buying an additional 9,463 shares in the last quarter. Peoples Bank KS acquired a new position in ProShares UltraPro Short QQQ during the fourth quarter worth about $62,000. Foundations Investment Advisors LLC purchased a new position in ProShares UltraPro Short QQQ in the fourth quarter valued at about $360,000. Finally, Capital Investment Advisory Services LLC acquired a new stake in shares of ProShares UltraPro Short QQQ during the 4th quarter valued at approximately $2,374,000.
ProShares UltraPro Short QQQ Stock Up 2.8 %
SQQQ traded up $0.83 during trading on Tuesday, reaching $29.97. 67,294,444 shares of the stock were exchanged, compared to its average volume of 51,527,548. The business's 50 day moving average price is $36.73 and its two-hundred day moving average price is $32.94. ProShares UltraPro Short QQQ has a 1 year low of $26.21 and a 1 year high of $57.95.
ProShares UltraPro Short QQQ Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were given a $0.4823 dividend. This represents a $1.93 dividend on an annualized basis and a dividend yield of 6.44%. The ex-dividend date was Wednesday, March 26th.
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.
See Also
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
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
