Cantor Fitzgerald L. P. Purchases 16,944 Shares of ProShares UltraPro Short QQQ $SQQQ

Cantor Fitzgerald L. P. boosted its position in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 38.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 61,142 shares of the company’s stock after buying an additional 16,944 shares during the quarter. Cantor Fitzgerald L. P.’s holdings in ProShares UltraPro Short QQQ were worth $931,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Quadrature Capital Ltd acquired a new position in ProShares UltraPro Short QQQ during the 3rd quarter valued at about $33,368,000. Citigroup Inc. grew its position in shares of ProShares UltraPro Short QQQ by 17.5% during the 3rd quarter. Citigroup Inc. now owns 714,260 shares of the company’s stock worth $10,878,000 after buying an additional 106,243 shares during the period. Flow Traders U.S. LLC raised its stake in shares of ProShares UltraPro Short QQQ by 168.5% during the third quarter. Flow Traders U.S. LLC now owns 672,442 shares of the company’s stock worth $10,241,000 after buying an additional 421,972 shares during the last quarter. Q Fund Management Hong Kong Ltd bought a new stake in shares of ProShares UltraPro Short QQQ during the second quarter worth approximately $11,051,000. Finally, Smithfield Trust Co lifted its holdings in ProShares UltraPro Short QQQ by 330.6% in the third quarter. Smithfield Trust Co now owns 559,600 shares of the company’s stock valued at $8,523,000 after buying an additional 429,640 shares during the period.

ProShares UltraPro Short QQQ Stock Up 4.2%

Shares of SQQQ stock opened at $75.21 on Thursday. The firm’s 50 day moving average price is $69.44 and its two-hundred day moving average price is $71.88. ProShares UltraPro Short QQQ has a 52-week low of $61.72 and a 52-week high of $289.00.

ProShares UltraPro Short QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders 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 dividend yield of 8.0%. This is an increase 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.