ProShares UltraPro Short QQQ $SQQQ Stake Boosted by Smithfield Trust Co

Smithfield Trust Co lifted its stake in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 330.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 559,600 shares of the company’s stock after acquiring an additional 429,640 shares during the quarter. Smithfield Trust Co owned approximately 0.24% of ProShares UltraPro Short QQQ worth $8,523,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. MAI Capital Management acquired a new position in ProShares UltraPro Short QQQ in the 2nd quarter worth about $38,000. Osaic Holdings Inc. grew its stake in shares of ProShares UltraPro Short QQQ by 47.2% in the 2nd quarter. Osaic Holdings Inc. now owns 2,170 shares of the company’s stock valued at $42,000 after buying an additional 696 shares in the last quarter. Gables Capital Management Inc. grew its stake in shares of ProShares UltraPro Short QQQ by 600.0% in the 2nd quarter. Gables Capital Management Inc. now owns 3,500 shares of the company’s stock valued at $68,000 after buying an additional 3,000 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in ProShares UltraPro Short QQQ in the third quarter worth approximately $152,000. Finally, Cresset Asset Management LLC bought a new position in ProShares UltraPro Short QQQ during the second quarter valued at approximately $198,000.

ProShares UltraPro Short QQQ Trading Down 0.5%

NASDAQ SQQQ opened at $72.74 on Monday. ProShares UltraPro Short QQQ has a 12-month low of $61.72 and a 12-month high of $289.00. The company has a 50 day moving average price of $67.71 and a two-hundred day moving average price of $74.60.

ProShares UltraPro Short QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 24th were issued a $1.5055 dividend. This is a boost from ProShares UltraPro Short QQQ’s previous quarterly dividend of $1.21. This represents a $6.02 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date was Wednesday, December 24th.

ProShares UltraPro Short QQQ 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.