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

Flow Traders U.S. LLC increased its stake in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 168.5% during the third quarter, according to 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 buying an additional 421,972 shares during the quarter. Flow Traders U.S. LLC owned about 0.29% of ProShares UltraPro Short QQQ worth $10,241,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in SQQQ. Osaic Holdings Inc. raised its stake in 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 acquiring an additional 696 shares during the last quarter. Parallel Advisors LLC grew 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 during the last quarter. MAI Capital Management purchased a new stake in ProShares UltraPro Short QQQ during the 2nd quarter valued at about $38,000. EverSource Wealth Advisors LLC increased its holdings in shares of ProShares UltraPro Short QQQ by 43.5% in the second quarter. EverSource Wealth Advisors LLC now owns 16,499 shares of the company’s stock valued at $323,000 after purchasing an additional 4,999 shares during the period. Finally, CWA Asset Management Group LLC acquired a new position in shares of ProShares UltraPro Short QQQ in the third quarter valued at about $152,000.

ProShares UltraPro Short QQQ Stock Performance

Shares of NASDAQ:SQQQ 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 has a 50-day moving average price of $69.00 and a 200-day moving average price of $72.08.

ProShares UltraPro Short QQQ Increases Dividend

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

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.