Hamilton Wealth LLC Purchases New Stake in ProShares UltraPro Short QQQ $SQQQ

Hamilton Wealth LLC acquired a new position in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,000 shares of the company’s stock, valued at approximately $152,000.

Several other large investors also recently modified their holdings of SQQQ. Parallel Advisors LLC grew its stake in ProShares UltraPro Short QQQ by 105.4% in the 3rd quarter. Parallel Advisors LLC now owns 1,992 shares of the company’s stock valued at $30,000 after buying an additional 1,022 shares during the last quarter. MAI Capital Management acquired a new position in shares of ProShares UltraPro Short QQQ in the second quarter valued at approximately $38,000. Osaic Holdings Inc. increased its stake 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. CWA Asset Management Group LLC bought a new position in shares of ProShares UltraPro Short QQQ during the third quarter worth approximately $152,000. Finally, Cedar Wealth Management LLC acquired a new stake in ProShares UltraPro Short QQQ during the 3rd quarter worth approximately $152,000.

ProShares UltraPro Short QQQ Stock Up 1.9%

Shares of NASDAQ SQQQ opened at $75.74 on Monday. The stock’s fifty day moving average price is $69.00 and its two-hundred day moving average price is $72.08. ProShares UltraPro Short QQQ has a one year low of $61.72 and a one year high of $289.00.

ProShares UltraPro Short QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 24th were issued a dividend of $1.5055 per share. This is a boost from ProShares UltraPro Short QQQ’s previous quarterly dividend of $1.21. This represents a $6.02 annualized dividend and a dividend yield of 8.0%. The ex-dividend date of this dividend was Wednesday, December 24th.

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.