Edmond DE Rothschild Holding S.A. Decreases Stock Holdings in ProShares UltraPro Short QQQ (NASDAQ:SQQQ)

Edmond DE Rothschild Holding S.A. lessened its holdings in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 80.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,000 shares of the company’s stock after selling 8,000 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in ProShares UltraPro Short QQQ were worth $62,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SQQQ. Peoples Bank KS purchased a new position in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at about $62,000. Centerpoint Advisors LLC boosted its holdings in ProShares UltraPro Short QQQ by 20.0% in the fourth quarter. Centerpoint Advisors LLC now owns 6,000 shares of the company’s stock valued at $187,000 after purchasing an additional 1,000 shares in the last quarter. Foundations Investment Advisors LLC purchased a new position in ProShares UltraPro Short QQQ in the fourth quarter valued at approximately $360,000. SBI Securities Co. Ltd. acquired a new stake in ProShares UltraPro Short QQQ during the fourth quarter worth approximately $423,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of ProShares UltraPro Short QQQ during the 4th quarter worth approximately $439,000.

ProShares UltraPro Short QQQ Stock Down 2.2 %

NASDAQ SQQQ opened at $36.60 on Thursday. The firm’s fifty day moving average price is $32.09 and its 200 day moving average price is $32.96. ProShares UltraPro Short QQQ has a 12 month low of $26.21 and a 12 month high of $64.95.

ProShares UltraPro Short QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were given a dividend of $0.4823 per share. This represents a $1.93 dividend on an annualized basis and a dividend yield of 5.27%. 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.