Sollinda Capital Management LLC Invests $3.44 Million in ProShares UltraPro Short QQQ $SQQQ

Sollinda Capital Management LLC acquired a new position in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 50,151 shares of the company’s stock, valued at approximately $3,435,000. ProShares UltraPro Short QQQ accounts for approximately 0.9% of Sollinda Capital Management LLC’s portfolio, making the stock its 20th largest holding.

A number of other hedge funds also recently bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in ProShares UltraPro Short QQQ by 105.4% in the third quarter. Parallel Advisors LLC now owns 1,992 shares of the company’s stock valued at $30,000 after acquiring an additional 1,022 shares during the period. MAI Capital Management purchased a new position in ProShares UltraPro Short QQQ in the second quarter worth about $38,000. Osaic Holdings Inc. grew its stake in shares of ProShares UltraPro Short QQQ by 47.2% during the 2nd quarter. Osaic Holdings Inc. now owns 2,170 shares of the company’s stock valued at $42,000 after purchasing an additional 696 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of ProShares UltraPro Short QQQ during the 3rd quarter valued at about $63,000. Finally, CWA Asset Management Group LLC purchased a new stake in shares of ProShares UltraPro Short QQQ during the 3rd quarter valued at about $152,000.

ProShares UltraPro Short QQQ Trading Up 2.3%

Shares of NASDAQ:SQQQ opened at $89.42 on Tuesday. The firm’s 50 day moving average price is $71.88 and its 200-day moving average price is $71.42. ProShares UltraPro Short QQQ has a twelve month low of $61.72 and a twelve month high of $289.00.

ProShares UltraPro Short QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be issued a dividend of $0.6384 per share. This represents a $2.55 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Wednesday, March 25th.

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.