Optiver Holding B.V. Increases Stock Position in ProShares UltraPro Short QQQ $SQQQ

Optiver Holding B.V. increased its holdings in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 1,685.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 309,795 shares of the company’s stock after purchasing an additional 292,446 shares during the period. Optiver Holding B.V.’s holdings in ProShares UltraPro Short QQQ were worth $4,718,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of SQQQ. MAI Capital Management bought a new stake in ProShares UltraPro Short QQQ during the 2nd quarter valued at $38,000. Osaic Holdings Inc. raised its stake in shares of ProShares UltraPro Short QQQ by 47.2% during the 2nd quarter. Osaic Holdings Inc. now owns 2,170 shares of the company’s stock valued at $42,000 after purchasing an additional 696 shares during the period. CWA Asset Management Group LLC bought a new stake in shares of ProShares UltraPro Short QQQ during the 3rd quarter valued at $152,000. Cresset Asset Management LLC purchased a new stake in ProShares UltraPro Short QQQ during the 2nd quarter worth about $198,000. Finally, WealthShield Partners LLC bought a new position in ProShares UltraPro Short QQQ in the 3rd quarter worth about $210,000.

ProShares UltraPro Short QQQ Stock Down 3.2%

SQQQ stock opened at $70.65 on Wednesday. The stock has a 50-day simple moving average of $68.19 and a two-hundred day simple moving average of $73.61. ProShares UltraPro Short QQQ has a twelve month low of $61.72 and a twelve month high of $289.00.

ProShares UltraPro Short QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 24th were paid a dividend of $1.5055 per share. This is an increase from ProShares UltraPro Short QQQ’s previous quarterly dividend of $1.21. This represents a $6.02 annualized dividend and a yield of 8.5%. The ex-dividend date of this dividend was Wednesday, December 24th.

About ProShares UltraPro Short QQQ

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. The Fund invests in derivatives. It also invests in short-term cash instruments, which have a remaining maturity of 397 days or less and exhibit high quality credit profiles.