PayPay Securities Corp Sells 15,234 Shares of ProShares UltraPro Short QQQ $SQQQ

PayPay Securities Corp trimmed its position in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 91.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,437 shares of the company’s stock after selling 15,234 shares during the period. ProShares UltraPro Short QQQ makes up about 2.9% of PayPay Securities Corp’s holdings, making the stock its 7th largest holding. PayPay Securities Corp’s holdings in ProShares UltraPro Short QQQ were worth $98,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Sollinda Capital Management LLC acquired a new position in ProShares UltraPro Short QQQ during the fourth quarter worth $3,435,000. CreativeOne Wealth LLC acquired a new position in ProShares UltraPro Short QQQ during the third quarter worth $831,000. AXS Investments LLC acquired a new position in ProShares UltraPro Short QQQ during the third quarter worth $3,251,000. Smithfield Trust Co lifted its stake in ProShares UltraPro Short QQQ by 330.6% during the third quarter. Smithfield Trust Co now owns 559,600 shares of the company’s stock worth $8,523,000 after purchasing an additional 429,640 shares in the last quarter. Finally, Intellectus Partners LLC acquired a new position in ProShares UltraPro Short QQQ during the third quarter worth $381,000.

ProShares UltraPro Short QQQ Stock Performance

NASDAQ:SQQQ opened at $59.44 on Thursday. The stock’s fifty day moving average is $73.07 and its two-hundred day moving average is $70.81. ProShares UltraPro Short QQQ has a 52 week low of $59.35 and a 52 week high of $214.40.

ProShares UltraPro Short QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were paid a $0.6384 dividend. This represents a $2.55 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Wednesday, March 25th.

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.