Tower Research Capital LLC TRC Buys 32,554 Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ)

Tower Research Capital LLC TRC raised its position in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Free Report) by 6,510.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,054 shares of the company's stock after acquiring an additional 32,554 shares during the period. Tower Research Capital LLC TRC's holdings in ProShares UltraPro Short QQQ were worth $1,029,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SQQQ. Peoples Bank KS bought a new stake in shares of ProShares UltraPro Short QQQ in the fourth quarter worth about $62,000. Centerpoint Advisors LLC boosted its stake in ProShares UltraPro Short QQQ by 20.0% in the 4th quarter. Centerpoint Advisors LLC now owns 6,000 shares of the company's stock valued at $187,000 after purchasing an additional 1,000 shares during the period. Foundations Investment Advisors LLC bought a new stake in shares of ProShares UltraPro Short QQQ in the fourth quarter valued at about $360,000. SBI Securities Co. Ltd. acquired a new position in shares of ProShares UltraPro Short QQQ during the 4th quarter worth approximately $423,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of ProShares UltraPro Short QQQ in the fourth quarter valued at approximately $439,000.

ProShares UltraPro Short QQQ Stock Performance

Shares of SQQQ traded up $1.17 during trading hours on Wednesday, hitting $32.25. 65,722,647 shares of the company were exchanged, compared to its average volume of 86,572,477. The firm's fifty day moving average is $36.73 and its 200 day moving average is $33.13. ProShares UltraPro Short QQQ has a fifty-two week low of $26.21 and a fifty-two week high of $61.60.

ProShares UltraPro Short QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were given 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 5.98%.

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.