Vontobel Holding Ltd. Boosts Stake in ProShares UltraPro Short QQQ (NASDAQ:SQQQ)

Vontobel Holding Ltd. lifted its holdings in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 190.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 121,677 shares of the company’s stock after buying an additional 79,777 shares during the period. Vontobel Holding Ltd.’s holdings in ProShares UltraPro Short QQQ were worth $1,637,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SQQQ. Spire Wealth Management boosted its position in ProShares UltraPro Short QQQ by 86.7% in the third quarter. Spire Wealth Management now owns 1,867 shares of the company’s stock worth $38,000 after purchasing an additional 867 shares during the last quarter. Hoey Investments Inc. boosted its holdings in shares of ProShares UltraPro Short QQQ by 100.0% in the 3rd quarter. Hoey Investments Inc. now owns 2,000 shares of the company’s stock worth $41,000 after buying an additional 1,000 shares during the last quarter. Peoples Bank KS bought a new position in ProShares UltraPro Short QQQ during the fourth quarter valued at about $54,000. Castleview Partners LLC purchased a new stake in ProShares UltraPro Short QQQ during the first quarter worth about $70,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in ProShares UltraPro Short QQQ in the first quarter worth about $88,000.

ProShares UltraPro Short QQQ Price Performance

ProShares UltraPro Short QQQ stock opened at $12.84 on Friday. ProShares UltraPro Short QQQ has a twelve month low of $10.05 and a twelve month high of $32.73. The firm has a 50 day moving average price of $11.03 and a 200-day moving average price of $14.19.

ProShares UltraPro Short QQQ Dividend Announcement

The company also recently announced a dividend, which was paid on Wednesday, March 27th. Shareholders of record on Thursday, March 21st were paid a $0.164 dividend. The ex-dividend date of this dividend was Wednesday, March 20th.

ProShares UltraPro Short QQQ Company 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.