Tower Research Capital LLC TRC boosted its position in ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Free Report) by 6,510.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,054 shares of the company's stock after purchasing an additional 32,554 shares during the quarter. Tower Research Capital LLC TRC's holdings in ProShares UltraPro Short QQQ were worth $1,029,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in shares of ProShares UltraPro Short QQQ in the fourth quarter valued at about $2,922,000. DRW Securities LLC acquired a new stake in ProShares UltraPro Short QQQ in the 4th quarter worth about $3,155,000. Capital Investment Advisory Services LLC bought a new stake in ProShares UltraPro Short QQQ in the 4th quarter valued at about $2,374,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of ProShares UltraPro Short QQQ during the 4th quarter worth approximately $439,000. Finally, Compagnie Lombard Odier SCmA increased its holdings in shares of ProShares UltraPro Short QQQ by 3,357.5% during the fourth 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.
ProShares UltraPro Short QQQ Trading Up 0.1 %
Shares of SQQQ stock traded up $0.04 during trading on Monday, hitting $31.69. The company had a trading volume of 101,709,180 shares, compared to its average volume of 49,844,024. ProShares UltraPro Short QQQ has a one year low of $26.21 and a one year high of $61.60. The stock's 50-day moving average price is $36.54 and its 200 day moving average price is $33.17.
ProShares UltraPro Short QQQ Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders 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 dividend yield of 6.09%.
ProShares UltraPro Short QQQ Company Profile
(
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.
Further Reading
Before you consider ProShares UltraPro Short QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ProShares UltraPro Short QQQ wasn't on the list.
While ProShares UltraPro Short QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
