WealthPlan Investment Management LLC Makes New Investment in ProShares UltraPro Short QQQ $SQQQ

WealthPlan Investment Management LLC purchased a new position in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,254 shares of the company’s stock, valued at approximately $201,000.

Other institutional investors also recently bought and sold shares of the company. Redwood Park Advisors LLC raised its position in ProShares UltraPro Short QQQ by 69.3% during the 1st quarter. Redwood Park Advisors LLC now owns 887 shares of the company’s stock worth $34,000 after buying an additional 363 shares during the last quarter. PayPay Securities Corp raised its position in ProShares UltraPro Short QQQ by 100.8% during the 2nd quarter. PayPay Securities Corp now owns 3,124 shares of the company’s stock worth $61,000 after buying an additional 1,568 shares during the last quarter. Game Plan Financial Advisors LLC raised its position in ProShares UltraPro Short QQQ by 16,818.2% during the 1st quarter. Game Plan Financial Advisors LLC now owns 1,861 shares of the company’s stock worth $71,000 after buying an additional 1,850 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in ProShares UltraPro Short QQQ during the 1st quarter worth approximately $100,000. Finally, Archford Capital Strategies LLC purchased a new position in shares of ProShares UltraPro Short QQQ during the 2nd quarter valued at approximately $196,000.

ProShares UltraPro Short QQQ Stock Down 1.8%

NASDAQ:SQQQ opened at $14.89 on Friday. The company has a 50 day moving average price of $16.43 and a 200-day moving average price of $22.63. ProShares UltraPro Short QQQ has a 1-year low of $14.35 and a 1-year high of $57.80.

ProShares UltraPro Short QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 24th were issued a dividend of $0.2427 per share. This represents a $0.97 annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend was Wednesday, September 24th.

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.