Citigroup Inc. Increases Position in ProShares UltraPro Short QQQ $SQQQ

Citigroup Inc. boosted its holdings in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 17.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 714,260 shares of the company’s stock after purchasing an additional 106,243 shares during the quarter. Citigroup Inc. owned approximately 0.31% of ProShares UltraPro Short QQQ worth $10,878,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. MAI Capital Management purchased a new position in shares of ProShares UltraPro Short QQQ during the 2nd quarter valued at approximately $38,000. Osaic Holdings Inc. lifted its holdings 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 valued at $42,000 after purchasing an additional 696 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of ProShares UltraPro Short QQQ in the third quarter valued at about $152,000. Cresset Asset Management LLC purchased a new stake in shares of ProShares UltraPro Short QQQ during the second quarter worth about $198,000. Finally, Qube Research & Technologies Ltd lifted its stake in ProShares UltraPro Short QQQ by 2,856.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 10,969 shares of the company’s stock valued at $215,000 after buying an additional 10,598 shares in the last quarter.

ProShares UltraPro Short QQQ Trading Up 1.1%

NASDAQ:SQQQ opened at $70.85 on Friday. The stock has a 50 day moving average of $68.03 and a two-hundred day moving average of $73.35. ProShares UltraPro Short QQQ has a 12 month low of $61.72 and a 12 month high of $289.00.

ProShares UltraPro Short QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 24th were issued a $1.5055 dividend. This represents a $6.02 dividend on an annualized basis and a yield of 8.5%. 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.