Merit Financial Group LLC Takes $145,000 Position in ProShares UltraPro Short QQQ (NASDAQ:SQQQ)

Merit Financial Group LLC bought a new stake in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 10,800 shares of the company’s stock, valued at approximately $145,000.

Other large investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its position in shares of ProShares UltraPro Short QQQ by 59.3% during the third quarter. Commonwealth Equity Services LLC now owns 31,083 shares of the company’s stock valued at $635,000 after buying an additional 11,568 shares during the period. Brown Advisory Inc. purchased a new position in shares of ProShares UltraPro Short QQQ in the 3rd quarter valued at approximately $746,000. Peregrine Asset Advisers Inc. lifted its stake in shares of ProShares UltraPro Short QQQ by 157.2% in the 3rd quarter. Peregrine Asset Advisers Inc. now owns 187,065 shares of the company’s stock valued at $3,824,000 after purchasing an additional 114,343 shares during the period. Primoris Wealth Advisors LLC boosted its position in shares of ProShares UltraPro Short QQQ by 3.7% during the third quarter. Primoris Wealth Advisors LLC now owns 93,200 shares of the company’s stock valued at $1,905,000 after purchasing an additional 3,350 shares in the last quarter. Finally, Bourgeon Capital Management LLC grew its stake in ProShares UltraPro Short QQQ by 22.0% in the third quarter. Bourgeon Capital Management LLC now owns 25,000 shares of the company’s stock worth $511,000 after purchasing an additional 4,500 shares during the period.

ProShares UltraPro Short QQQ Stock Performance

Shares of SQQQ stock opened at $10.68 on Friday. The company’s fifty day moving average price is $11.05 and its 200-day moving average price is $13.41. ProShares UltraPro Short QQQ has a 12 month low of $10.05 and a 12 month high of $29.22.

ProShares UltraPro Short QQQ Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, March 27th. Investors of record on Thursday, March 21st were paid a dividend of $0.164 per share. The ex-dividend date of this dividend was Wednesday, March 20th.

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.