Group One Trading LLC Increases Stake in ProShares UltraPro Short QQQ $SQQQ

Group One Trading LLC lifted its stake in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 161.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 243,434 shares of the company’s stock after purchasing an additional 150,441 shares during the quarter. Group One Trading LLC’s holdings in ProShares UltraPro Short QQQ were worth $3,708,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in SQQQ. AXS Investments LLC acquired a new position in shares of ProShares UltraPro Short QQQ in the 3rd quarter valued at $3,251,000. Smithfield Trust Co lifted its position in ProShares UltraPro Short QQQ by 330.6% during the 3rd quarter. Smithfield Trust Co now owns 559,600 shares of the company’s stock worth $8,523,000 after acquiring an additional 429,640 shares during the period. Optiver Holding B.V. lifted its position in ProShares UltraPro Short QQQ by 1,685.7% during the 3rd quarter. Optiver Holding B.V. now owns 309,795 shares of the company’s stock worth $4,718,000 after acquiring an additional 292,446 shares during the period. SBI Securities Co. Ltd. grew its stake in ProShares UltraPro Short QQQ by 448.3% during the 3rd quarter. SBI Securities Co. Ltd. now owns 105,962 shares of the company’s stock valued at $1,614,000 after purchasing an additional 86,635 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in shares of ProShares UltraPro Short QQQ by 17.5% in the third quarter. Citigroup Inc. now owns 714,260 shares of the company’s stock valued at $10,878,000 after purchasing an additional 106,243 shares during the period.

ProShares UltraPro Short QQQ Stock Performance

Shares of NASDAQ:SQQQ opened at $73.46 on Friday. ProShares UltraPro Short QQQ has a 52-week low of $61.72 and a 52-week high of $289.00. The business has a 50-day moving average price of $68.54 and a 200-day moving average price of $72.93.

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. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $6.02 dividend on an annualized basis and a yield of 8.2%. This is a boost from ProShares UltraPro Short QQQ’s previous quarterly dividend of $1.21.

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.