Archford Capital Strategies LLC Sells 36,000 Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ)

Archford Capital Strategies LLC reduced its position in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 80.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,000 shares of the company’s stock after selling 36,000 shares during the quarter. Archford Capital Strategies LLC’s holdings in ProShares UltraPro Short QQQ were worth $280,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Assets Advisory LLC acquired a new position in ProShares UltraPro Short QQQ during the 3rd quarter worth approximately $548,000. Venture Visionary Partners LLC bought a new stake in ProShares UltraPro Short QQQ in the 3rd quarter valued at $144,000. Creative Planning raised its stake in ProShares UltraPro Short QQQ by 138.6% in the 2nd quarter. Creative Planning now owns 46,219 shares of the company’s stock valued at $383,000 after acquiring an additional 26,845 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in ProShares UltraPro Short QQQ during the 2nd quarter worth $29,000. Finally, SG Americas Securities LLC increased its position in ProShares UltraPro Short QQQ by 25.5% during the 3rd quarter. SG Americas Securities LLC now owns 18,090 shares of the company’s stock worth $134,000 after buying an additional 3,679 shares during the period.

ProShares UltraPro Short QQQ Stock Performance

Shares of NASDAQ SQQQ opened at $27.93 on Monday. ProShares UltraPro Short QQQ has a 52 week low of $27.23 and a 52 week high of $64.95. The stock’s fifty day moving average is $30.54 and its 200 day moving average is $36.73.

ProShares UltraPro Short QQQ Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.8168 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This is a positive change from ProShares UltraPro Short QQQ’s previous dividend of $0.75.

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.