Smithfield Trust Co Cuts Holdings in ProShares UltraPro Short QQQ (NASDAQ:SQQQ)

Smithfield Trust Co cut its stake in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Free Report) by 94.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,100 shares of the company's stock after selling 718,900 shares during the period. Smithfield Trust Co owned about 0.07% of ProShares UltraPro Short QQQ worth $1,404,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. RBF Capital LLC increased its position in ProShares UltraPro Short QQQ by 230.7% during the 3rd quarter. RBF Capital LLC now owns 1,671,427 shares of the company's stock valued at $12,352,000 after purchasing an additional 1,166,014 shares during the period. Kovitz Investment Group Partners LLC acquired a new stake in shares of ProShares UltraPro Short QQQ during the third quarter worth $1,848,000. Barclays PLC raised its stake 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 buying an additional 124,500 shares during the last quarter. Hollencrest Capital Management lifted its holdings in ProShares UltraPro Short QQQ by 40.1% in the third quarter. Hollencrest Capital Management now owns 130,262 shares of the company's stock valued at $963,000 after buying an additional 37,256 shares during the period. Finally, Ridgepath Capital Management LLC boosted its position in ProShares UltraPro Short QQQ by 761.2% during the fourth quarter. Ridgepath Capital Management LLC now owns 103,348 shares of the company's stock valued at $3,218,000 after acquiring an additional 91,348 shares during the last quarter.

ProShares UltraPro Short QQQ Stock Performance

Shares of SQQQ stock traded down $1.30 during mid-day trading on Wednesday, hitting $32.51. The company's stock had a trading volume of 97,989,123 shares, compared to its average volume of 61,690,465. The company's fifty day simple moving average is $29.40 and its 200-day simple moving average is $33.78. ProShares UltraPro Short QQQ has a 52 week low of $26.21 and a 52 week high of $64.95.

ProShares UltraPro Short QQQ Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.8168 dividend. The ex-dividend date was Monday, December 23rd. This is a positive change from ProShares UltraPro Short QQQ's previous dividend of $0.75.

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.