EverSource Wealth Advisors LLC Raises Stock Position in ProShares UltraPro Short QQQ $SQQQ

EverSource Wealth Advisors LLC grew its stake in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 139.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,558 shares of the company’s stock after acquiring an additional 23,059 shares during the period. EverSource Wealth Advisors LLC’s holdings in ProShares UltraPro Short QQQ were worth $602,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. MAI Capital Management purchased a new position in ProShares UltraPro Short QQQ in the 2nd quarter valued at approximately $38,000. Osaic Holdings Inc. boosted its position in ProShares UltraPro Short QQQ by 47.2% during the second 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. CWA Asset Management Group LLC acquired a new stake in ProShares UltraPro Short QQQ in the third quarter valued at $152,000. Cresset Asset Management LLC purchased a new position in shares of ProShares UltraPro Short QQQ in the second quarter valued at $198,000. Finally, WealthShield Partners LLC acquired a new position in shares of ProShares UltraPro Short QQQ during the 3rd quarter worth $210,000.

ProShares UltraPro Short QQQ Trading Up 3.6%

ProShares UltraPro Short QQQ stock opened at $70.07 on Friday. ProShares UltraPro Short QQQ has a 52 week low of $61.72 and a 52 week high of $289.00. The firm’s 50-day simple moving average is $68.00 and its 200 day simple moving average is $73.55.

ProShares UltraPro Short QQQ Increases Dividend

The firm 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. This is a boost from ProShares UltraPro Short QQQ’s previous quarterly dividend of $1.21. This represents a $6.02 annualized dividend and a dividend yield of 8.6%. 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.