451,709 Shares in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Bought by IMC Chicago LLC

IMC Chicago LLC acquired a new stake in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 451,709 shares of the company’s stock, valued at approximately $17,319,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sollinda Capital Management LLC purchased a new stake in shares of ProShares UltraPro Short QQQ during the fourth quarter valued at about $13,933,000. Squarepoint Ops LLC bought a new position in shares of ProShares UltraPro Short QQQ during the 4th quarter worth approximately $7,334,000. DRW Securities LLC purchased a new stake in ProShares UltraPro Short QQQ during the fourth quarter valued at approximately $3,155,000. Axxcess Wealth Management LLC acquired a new stake in ProShares UltraPro Short QQQ in the fourth quarter valued at approximately $3,144,000. Finally, Headlands Technologies LLC purchased a new position in ProShares UltraPro Short QQQ in the fourth quarter worth $2,922,000.

ProShares UltraPro Short QQQ Stock Down 2.8%

Shares of SQQQ stock opened at $22.35 on Monday. ProShares UltraPro Short QQQ has a 12-month low of $21.94 and a 12-month high of $57.95. The business’s fifty day simple moving average is $31.37 and its 200-day simple moving average is $31.28.

ProShares UltraPro Short QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were paid a dividend of $0.4823 per share. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $1.93 annualized dividend and a yield of 8.63%.

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.