Raffles Associates LP purchased a new stake in ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 20,000 shares of the company's stock, valued at approximately $623,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Sollinda Capital Management LLC acquired a new position in ProShares UltraPro Short QQQ during the fourth quarter worth $13,933,000. Barclays PLC boosted its stake in shares of ProShares UltraPro Short QQQ by 157.8% during the 3rd quarter. Barclays PLC now owns 203,395 shares of the company's stock worth $1,503,000 after buying an additional 124,500 shares during the last quarter. DRW Securities LLC bought a new position in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at about $3,155,000. Axxcess Wealth Management LLC acquired a new stake in shares of ProShares UltraPro Short QQQ in the fourth quarter valued at about $3,144,000. Finally, Headlands Technologies LLC bought a new stake in ProShares UltraPro Short QQQ during the fourth quarter worth about $2,922,000.
ProShares UltraPro Short QQQ Stock Down 4.7 %
SQQQ stock traded down $1.40 during mid-day trading on Friday, reaching $28.61. The company had a trading volume of 109,088,799 shares, compared to its average volume of 51,359,529. ProShares UltraPro Short QQQ has a 52 week low of $26.21 and a 52 week high of $57.95. The stock has a 50 day simple moving average of $36.76 and a two-hundred day simple moving average of $33.01.
ProShares UltraPro Short QQQ Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were issued a dividend of $0.4823 per share. The ex-dividend date was Wednesday, March 26th. This represents a $1.93 dividend on an annualized basis and a yield of 6.74%.
About ProShares UltraPro Short QQQ
(
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.
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