14,691 Shares in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Bought by Private Advisor Group LLC

Private Advisor Group LLC purchased a new position in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) in the first quarter, according to its most recent filing with the SEC. The firm purchased 14,691 shares of the company’s stock, valued at approximately $563,000.

Several other large investors also recently modified their holdings of SQQQ. Headlands Technologies LLC bought a new position in ProShares UltraPro Short QQQ during the 4th quarter valued at $2,922,000. DRW Securities LLC bought a new position in shares of ProShares UltraPro Short QQQ in the 4th quarter worth $3,155,000. Tower Research Capital LLC TRC boosted its holdings in shares of ProShares UltraPro Short QQQ by 6,510.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 33,054 shares of the company’s stock worth $1,029,000 after purchasing an additional 32,554 shares in the last quarter. Raffles Associates LP purchased a new position in shares of ProShares UltraPro Short QQQ during the fourth quarter worth approximately $623,000. Finally, Squarepoint Ops LLC bought a new position in shares of ProShares UltraPro Short QQQ during the fourth quarter valued at about $7,334,000.

ProShares UltraPro Short QQQ Stock Performance

Shares of ProShares UltraPro Short QQQ stock opened at $18.17 on Wednesday. The company’s 50 day moving average price is $21.15 and its 200-day moving average price is $28.69. ProShares UltraPro Short QQQ has a 52-week low of $17.72 and a 52-week high of $57.95.

ProShares UltraPro Short QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 25th were paid a dividend of $0.2566 per share. The ex-dividend date was Wednesday, June 25th. This represents a $1.03 annualized dividend and a dividend yield of 5.65%.

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.