ProShares UltraPro Short QQQ $SQQQ Shares Purchased by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. lifted its position in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 448.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 105,962 shares of the company’s stock after acquiring an additional 86,635 shares during the period. SBI Securities Co. Ltd.’s holdings in ProShares UltraPro Short QQQ were worth $1,614,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. MAI Capital Management bought a new position in 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 purchasing an additional 696 shares during the period. PayPay Securities Corp lifted its position in shares of ProShares UltraPro Short QQQ by 100.8% in the 2nd quarter. PayPay Securities Corp now owns 3,124 shares of the company’s stock worth $61,000 after buying an additional 1,568 shares during the last quarter. Gables Capital Management Inc. boosted its holdings in shares of ProShares UltraPro Short QQQ by 600.0% in the 2nd quarter. Gables Capital Management Inc. now owns 3,500 shares of the company’s stock valued at $68,000 after buying an additional 3,000 shares during the period. Finally, CWA Asset Management Group LLC bought a new stake in shares of ProShares UltraPro Short QQQ during the 3rd quarter valued at about $152,000.

ProShares UltraPro Short QQQ Price Performance

Shares of NASDAQ SQQQ opened at $74.58 on Friday. The firm’s 50-day moving average price is $67.37 and its two-hundred day moving average price is $75.72. 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 disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 24th were paid a dividend of $1.5055 per share. This represents a $6.02 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date was Wednesday, December 24th. This is an increase from ProShares UltraPro Short QQQ’s previous quarterly dividend of $1.21.

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.