DRW Securities LLC acquired a new position in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 101,321 shares of the company's stock, valued at approximately $3,155,000. DRW Securities LLC owned approximately 0.15% of ProShares UltraPro Short QQQ at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Peoples Bank KS purchased a new position in shares of ProShares UltraPro Short QQQ in the fourth quarter worth $62,000. Centerpoint Advisors LLC lifted its stake in ProShares UltraPro Short QQQ by 20.0% during the 4th quarter. Centerpoint Advisors LLC now owns 6,000 shares of the company's stock valued at $187,000 after acquiring an additional 1,000 shares during the period. Foundations Investment Advisors LLC purchased a new stake in shares of ProShares UltraPro Short QQQ during the 4th quarter valued at about $360,000. SBI Securities Co. Ltd. bought a new stake in shares of ProShares UltraPro Short QQQ in the fourth quarter worth approximately $423,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in ProShares UltraPro Short QQQ in the fourth quarter worth about $439,000.
ProShares UltraPro Short QQQ Price Performance
Shares of NASDAQ:SQQQ traded down $0.16 during trading on Monday, hitting $36.06. The company's stock had a trading volume of 65,316,994 shares, compared to its average volume of 47,041,702. The company has a 50-day moving average of $34.73 and a 200-day moving average of $33.23. ProShares UltraPro Short QQQ has a 12 month low of $26.21 and a 12 month high of $64.95.
ProShares UltraPro Short QQQ Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were issued a $0.4823 dividend. The ex-dividend date was Wednesday, March 26th. This represents a $1.93 dividend on an annualized basis and a yield of 5.35%.
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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