Smithfield Trust Co Sells 718,900 Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ)

Smithfield Trust Co reduced its position in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 94.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,100 shares of the company’s stock after selling 718,900 shares during the period. Smithfield Trust Co owned 0.07% of ProShares UltraPro Short QQQ worth $1,404,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Peoples Bank KS purchased a new stake in ProShares UltraPro Short QQQ during the fourth quarter valued at approximately $62,000. TFB Advisors LLC acquired a new position in shares of ProShares UltraPro Short QQQ during the third quarter worth $131,000. CWA Asset Management Group LLC purchased a new stake in shares of ProShares UltraPro Short QQQ during the 3rd quarter valued at $133,000. Centerpoint Advisors LLC boosted its position in shares of ProShares UltraPro Short QQQ by 20.0% in the 4th quarter. Centerpoint Advisors LLC now owns 6,000 shares of the company’s stock worth $187,000 after purchasing an additional 1,000 shares in the last quarter. Finally, World Investment Advisors LLC grew its stake in ProShares UltraPro Short QQQ by 51.0% during the 3rd quarter. World Investment Advisors LLC now owns 28,000 shares of the company’s stock worth $207,000 after buying an additional 9,463 shares during the last quarter.

ProShares UltraPro Short QQQ Stock Up 1.1 %

Shares of NASDAQ:SQQQ opened at $33.81 on Wednesday. The business’s 50-day moving average is $29.28 and its 200 day moving average is $33.84. ProShares UltraPro Short QQQ has a 1 year low of $26.21 and a 1 year high of $64.95.

ProShares UltraPro Short QQQ Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.8168 per share. The ex-dividend date of this dividend was Monday, December 23rd. This is an increase from ProShares UltraPro Short QQQ’s previous dividend of $0.75.

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.