Hamilton Wealth LLC Acquires New Position in ProShares UltraPro Short QQQ $SQQQ

Hamilton Wealth LLC purchased a new position in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,000 shares of the company’s stock, valued at approximately $152,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. 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 worth $30,000 after purchasing an additional 1,022 shares in the last quarter. MAI Capital Management bought a new stake in shares of ProShares UltraPro Short QQQ during the second quarter worth $38,000. Osaic Holdings Inc. raised its holdings in shares of 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 acquiring an additional 696 shares during the period. CWA Asset Management Group LLC bought a new stake in ProShares UltraPro Short QQQ in the 3rd quarter valued at $152,000. Finally, Cedar Wealth Management LLC acquired a new position in ProShares UltraPro Short QQQ in the 3rd quarter worth $152,000.

ProShares UltraPro Short QQQ Stock Performance

Shares of SQQQ opened at $75.74 on Monday. The company’s fifty day simple moving average is $69.00 and its 200 day simple moving average is $72.08. ProShares UltraPro Short QQQ has a 1-year low of $61.72 and a 1-year high of $289.00.

ProShares UltraPro Short QQQ Increases Dividend

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