Tower Research Capital LLC TRC Grows Holdings in ProShares UltraPro Short QQQ (NASDAQ:SQQQ)

Tower Research Capital LLC TRC lifted its position in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 6,510.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,054 shares of the company’s stock after acquiring an additional 32,554 shares during the quarter. Tower Research Capital LLC TRC’s holdings in ProShares UltraPro Short QQQ were worth $1,029,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SQQQ. Sollinda Capital Management LLC purchased a new position in ProShares UltraPro Short QQQ during the fourth quarter worth approximately $13,933,000. Barclays PLC lifted its position in shares of ProShares UltraPro Short QQQ by 157.8% during the 3rd quarter. Barclays PLC now owns 203,395 shares of the company’s stock valued at $1,503,000 after buying an additional 124,500 shares in the last quarter. Ridgepath Capital Management LLC grew its stake in ProShares UltraPro Short QQQ by 761.2% in the 4th quarter. Ridgepath Capital Management LLC now owns 103,348 shares of the company’s stock valued at $3,218,000 after acquiring an additional 91,348 shares during the period. DRW Securities LLC purchased a new stake in ProShares UltraPro Short QQQ in the 4th quarter worth $3,155,000. Finally, Axxcess Wealth Management LLC acquired a new position in ProShares UltraPro Short QQQ during the fourth quarter worth $3,144,000.

ProShares UltraPro Short QQQ Stock Down 8.5 %

Shares of ProShares UltraPro Short QQQ stock opened at $32.72 on Friday. ProShares UltraPro Short QQQ has a twelve month low of $26.21 and a twelve month high of $62.60. The firm’s 50-day moving average price is $36.44 and its 200 day moving average price is $33.25.

ProShares UltraPro Short QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were paid a $0.4823 dividend. This represents a $1.93 dividend on an annualized basis and a dividend yield of 5.90%. The ex-dividend date of this dividend was Wednesday, March 26th.

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.