Maxi Investments CY Ltd Acquires Shares of 130,000 ProShares UltraPro Short QQQ $SQQQ

Maxi Investments CY Ltd acquired a new stake in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 130,000 shares of the company’s stock, valued at approximately $1,980,000.

A number of other institutional investors also recently modified their holdings of SQQQ. Osaic Holdings Inc. lifted its holdings in shares of ProShares UltraPro Short QQQ by 47.2% in the 2nd quarter. Osaic Holdings Inc. now owns 2,170 shares of the company’s stock worth $42,000 after purchasing an additional 696 shares in the last quarter. Parallel Advisors LLC increased its stake in ProShares UltraPro Short QQQ by 105.4% during the 3rd quarter. Parallel Advisors LLC now owns 1,992 shares of the company’s stock valued at $30,000 after purchasing an additional 1,022 shares in the last quarter. MAI Capital Management bought a new stake in ProShares UltraPro Short QQQ during the 2nd quarter valued at $38,000. EverSource Wealth Advisors LLC raised its holdings in ProShares UltraPro Short QQQ by 43.5% during the second quarter. EverSource Wealth Advisors LLC now owns 16,499 shares of the company’s stock worth $323,000 after buying an additional 4,999 shares during the last quarter. Finally, CWA Asset Management Group LLC acquired a new position in ProShares UltraPro Short QQQ during the third quarter worth $152,000.

ProShares UltraPro Short QQQ Stock Down 3.3%

SQQQ opened at $73.21 on Tuesday. ProShares UltraPro Short QQQ has a 1 year low of $61.72 and a 1 year high of $289.00. The firm’s fifty day moving average price is $69.11 and its two-hundred day moving average price is $71.98.

ProShares UltraPro Short QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 24th were issued a dividend of $1.5055 per share. This represents a $6.02 annualized dividend and a yield of 8.2%. This is a boost from ProShares UltraPro Short QQQ’s previous quarterly dividend of $1.21. The ex-dividend date 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.