Axxcess Wealth Management LLC Acquires Shares of 100,948 ProShares UltraPro Short QQQ (NASDAQ:SQQQ)

Axxcess Wealth Management LLC bought a new position in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 100,948 shares of the company’s stock, valued at approximately $3,144,000. Axxcess Wealth Management LLC owned 0.15% of ProShares UltraPro Short QQQ at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. RBF Capital LLC boosted its position in ProShares UltraPro Short QQQ by 230.7% during the third quarter. RBF Capital LLC now owns 1,671,427 shares of the company’s stock worth $12,352,000 after purchasing an additional 1,166,014 shares during the period. Smithfield Trust Co boosted its holdings in shares of ProShares UltraPro Short QQQ by 138.8% during the 3rd quarter. Smithfield Trust Co now owns 764,000 shares of the company’s stock worth $5,645,000 after buying an additional 444,000 shares during the period. Sollinda Capital Management LLC acquired a new position in ProShares UltraPro Short QQQ in the 4th quarter valued at about $13,933,000. Kovitz Investment Group Partners LLC bought a new position in ProShares UltraPro Short QQQ in the 3rd quarter valued at about $1,848,000. Finally, Barclays PLC lifted its position in ProShares UltraPro Short QQQ by 157.8% during the third quarter. Barclays PLC now owns 203,395 shares of the company’s stock worth $1,503,000 after acquiring an additional 124,500 shares during the last quarter.

ProShares UltraPro Short QQQ Stock Performance

Shares of NASDAQ:SQQQ opened at $37.84 on Wednesday. ProShares UltraPro Short QQQ has a 12-month low of $26.21 and a 12-month high of $64.95. The business has a 50 day moving average of $30.78 and a 200-day moving average of $33.50.

ProShares UltraPro Short QQQ Increases Dividend

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

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.