ProShares UltraPro Short QQQ $SQQQ Shares Purchased by Flow Traders U.S. LLC

Flow Traders U.S. LLC increased its holdings in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 168.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 672,442 shares of the company’s stock after purchasing an additional 421,972 shares during the period. Flow Traders U.S. LLC’s holdings in ProShares UltraPro Short QQQ were worth $10,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. purchased a new stake in ProShares UltraPro Short QQQ in the first quarter valued at $7,668,000. Creative Planning purchased a new position in shares of ProShares UltraPro Short QQQ during the 2nd quarter valued at about $1,986,000. JPMorgan Chase & Co. acquired a new position in shares of ProShares UltraPro Short QQQ in the 2nd quarter valued at about $400,000. MAI Capital Management acquired a new position in shares of ProShares UltraPro Short QQQ in the 2nd quarter valued at about $38,000. Finally, Horizon Kinetics Asset Management LLC boosted its stake in shares of ProShares UltraPro Short QQQ by 99.5% in the second quarter. Horizon Kinetics Asset Management LLC now owns 25,126 shares of the company’s stock worth $492,000 after buying an additional 12,530 shares during the last quarter.

ProShares UltraPro Short QQQ Stock Up 1.9%

ProShares UltraPro Short QQQ stock opened at $75.74 on Monday. ProShares UltraPro Short QQQ has a 52 week low of $61.72 and a 52 week high of $289.00. The business’s 50-day moving average price is $69.00 and its 200 day moving average price is $72.08.

ProShares UltraPro Short QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 24th were given a $1.5055 dividend. The ex-dividend date was Wednesday, December 24th. This represents a $6.02 annualized dividend and a yield of 8.0%. This is a boost from ProShares UltraPro Short QQQ’s previous quarterly dividend of $1.21.

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. 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.