ProShares UltraPro Short QQQ $SQQQ Shares Sold by TB Alternative Assets Ltd.

TB Alternative Assets Ltd. decreased its position in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 17.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 453,250 shares of the company’s stock after selling 97,880 shares during the period. ProShares UltraPro Short QQQ makes up about 5.1% of TB Alternative Assets Ltd.’s portfolio, making the stock its 6th biggest holding. TB Alternative Assets Ltd.’s holdings in ProShares UltraPro Short QQQ were worth $31,048,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC boosted its holdings in shares of 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 purchasing an additional 1,022 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of ProShares UltraPro Short QQQ by 47.2% in the second quarter. Osaic Holdings Inc. now owns 2,170 shares of the company’s stock worth $42,000 after acquiring an additional 696 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of ProShares UltraPro Short QQQ in the 3rd quarter valued at approximately $63,000. CWA Asset Management Group LLC bought a new stake in shares of ProShares UltraPro Short QQQ during the 3rd quarter valued at approximately $152,000. Finally, Cedar Wealth Management LLC bought a new stake in shares of ProShares UltraPro Short QQQ during the third quarter worth $152,000.

ProShares UltraPro Short QQQ Price Performance

Shares of SQQQ stock opened at $77.45 on Thursday. The business’s 50-day moving average price is $72.26 and its 200-day moving average price is $71.44. ProShares UltraPro Short QQQ has a 12 month low of $61.72 and a 12 month high of $289.00.

ProShares UltraPro Short QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were paid a $0.6384 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $2.55 annualized dividend and a dividend yield of 3.3%.

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.