Sollinda Capital Management LLC bought a new position in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 447,419 shares of the company's stock, valued at approximately $13,933,000. ProShares UltraPro Short QQQ comprises about 3.8% of Sollinda Capital Management LLC's holdings, making the stock its 10th biggest position. Sollinda Capital Management LLC owned approximately 0.66% of ProShares UltraPro Short QQQ as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new position in ProShares UltraPro Short QQQ in the 4th quarter valued at $423,000. Centerpoint Advisors LLC lifted its position in shares of 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 buying an additional 1,000 shares during the last quarter. Compagnie Lombard Odier SCmA boosted its stake in ProShares UltraPro Short QQQ by 3,357.5% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 16,596 shares of the company's stock worth $517,000 after purchasing an additional 16,116 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in ProShares UltraPro Short QQQ during the 4th quarter worth approximately $439,000. Finally, Hodges Capital Management Inc. purchased a new stake in ProShares UltraPro Short QQQ in the 4th quarter worth approximately $623,000.
ProShares UltraPro Short QQQ Stock Performance
Shares of ProShares UltraPro Short QQQ stock traded down $2.81 on Friday, hitting $36.73. 91,672,254 shares of the company traded hands, compared to its average volume of 66,620,148. The firm's 50-day simple moving average is $30.34 and its 200 day simple moving average is $33.71. ProShares UltraPro Short QQQ has a 12-month low of $26.21 and a 12-month high of $64.95.
ProShares UltraPro Short QQQ Increases Dividend
The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.8168 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This is an increase from ProShares UltraPro Short QQQ's previous dividend of $0.75.
ProShares UltraPro Short QQQ Company Profile
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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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