ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Declares Quarterly Dividend of $0.47

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) declared a quarterly dividend on Tuesday, September 22nd. Shareholders of record on Wednesday, September 23rd will be given a dividend of 0.4734 per share on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Wednesday, September 23rd.

ProShares UltraPro Short QQQ Trading Up 1.1%

ProShares UltraPro Short QQQ stock traded up $0.37 during midday trading on Wednesday, reaching $34.14. 49,900,763 shares of the company’s stock were exchanged, compared to its average volume of 56,653,004. ProShares UltraPro Short QQQ has a 52 week low of $33.35 and a 52 week high of $90.71. The stock’s 50-day simple moving average is $39.68 and its 200 day simple moving average is $48.43.

Hedge Funds Weigh In On ProShares UltraPro Short QQQ

Hedge funds and other institutional investors have recently modified their holdings of the business. IMC Chicago LLC boosted its holdings in shares of ProShares UltraPro Short QQQ by 267.3% during the 1st quarter. IMC Chicago LLC now owns 809,094 shares of the company’s stock valued at $65,124,000 after acquiring an additional 588,799 shares in the last quarter. Trivest Advisors Ltd bought a new stake in shares of ProShares UltraPro Short QQQ in the 2nd quarter valued at $14,194,000. Hamilton Wealth LLC boosted its position in shares of ProShares UltraPro Short QQQ by 1,087.5% during the 4th quarter. Hamilton Wealth LLC now owns 118,754 shares of the company’s stock valued at $8,135,000 after purchasing an additional 108,754 shares in the last quarter. Axxcess Wealth Management LLC bought a new position in shares of ProShares UltraPro Short QQQ during the 4th quarter worth approximately $1,322,000. Finally, Nwam LLC bought a new stake in ProShares UltraPro Short QQQ in the first quarter valued at $1,460,000.

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.