50,000 Shares in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Purchased by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. purchased a new position in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 50,000 shares of the company’s stock, valued at approximately $524,000.

A number of other institutional investors have also recently bought and sold shares of SQQQ. Sowell Financial Services LLC purchased a new position in ProShares UltraPro Short QQQ in the 4th quarter worth about $401,000. Vontobel Holding Ltd. increased its stake in ProShares UltraPro Short QQQ by 190.4% in the 4th quarter. Vontobel Holding Ltd. now owns 121,677 shares of the company’s stock worth $1,637,000 after purchasing an additional 79,777 shares in the last quarter. RIA Advisory Group LLC purchased a new position in ProShares UltraPro Short QQQ in the 4th quarter worth about $158,000. APEIRON CAPITAL Ltd grew its stake in ProShares UltraPro Short QQQ by 41.2% during the 4th quarter. APEIRON CAPITAL Ltd now owns 52,800 shares of the company’s stock valued at $710,000 after acquiring an additional 15,400 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in ProShares UltraPro Short QQQ by 369.2% during the 4th quarter. Larson Financial Group LLC now owns 2,116 shares of the company’s stock valued at $28,000 after acquiring an additional 1,665 shares in the last quarter.

ProShares UltraPro Short QQQ Trading Up 7.3 %

NASDAQ:SQQQ traded up $0.67 on Friday, hitting $9.89. 286,792,079 shares of the company’s stock traded hands, compared to its average volume of 137,848,578. ProShares UltraPro Short QQQ has a 1 year low of $7.14 and a 1 year high of $23.34. The firm has a 50-day moving average price of $8.58 and a 200-day moving average price of $10.30.

ProShares UltraPro Short QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 26th were paid a dividend of $0.1605 per share. The ex-dividend date was Wednesday, June 26th. This represents a $0.64 annualized dividend and a yield of 6.49%.

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.