Chelsea Counsel Co. Buys New Position in ProShares UltraPro Short QQQ $SQQQ

Chelsea Counsel Co. bought a new stake in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) in the third quarter, HoldingsChannel reports. The fund bought 41,435 shares of the company’s stock, valued at approximately $631,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its position in ProShares UltraPro Short QQQ by 105.4% during the third quarter. Parallel Advisors LLC now owns 1,992 shares of the company’s stock worth $30,000 after buying an additional 1,022 shares during the period. MAI Capital Management acquired a new stake in shares of ProShares UltraPro Short QQQ in the second quarter valued at approximately $38,000. Osaic Holdings Inc. boosted its holdings in shares of ProShares UltraPro Short QQQ by 47.2% in the second quarter. Osaic Holdings Inc. now owns 2,170 shares of the company’s stock valued at $42,000 after acquiring an additional 696 shares during the period. CWA Asset Management Group LLC purchased a new position in shares of ProShares UltraPro Short QQQ during the third quarter worth approximately $152,000. Finally, Cedar Wealth Management LLC purchased a new position in shares of ProShares UltraPro Short QQQ during the third quarter worth approximately $152,000.

ProShares UltraPro Short QQQ Stock Down 1.4%

Shares of ProShares UltraPro Short QQQ stock opened at $72.15 on Wednesday. The firm’s fifty day simple moving average is $69.24 and its 200-day simple moving average is $71.86. ProShares UltraPro Short QQQ has a 12 month low of $61.72 and a 12 month high of $289.00.

ProShares UltraPro Short QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 24th were paid a $1.5055 dividend. This is a boost from ProShares UltraPro Short QQQ’s previous quarterly dividend of $1.21. This represents a $6.02 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date was Wednesday, December 24th.

ProShares UltraPro Short QQQ Company 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.