DRW Securities LLC Decreases Stock Holdings in ProShares UltraPro Short QQQ $SQQQ

DRW Securities LLC decreased its holdings in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 64.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,914 shares of the company’s stock after selling 65,407 shares during the quarter. DRW Securities LLC’s holdings in ProShares UltraPro Short QQQ were worth $1,377,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. IMC Chicago LLC purchased a new position in ProShares UltraPro Short QQQ in the 1st quarter worth about $17,319,000. Smithfield Trust Co increased its position in shares of ProShares UltraPro Short QQQ by 503.5% during the 1st quarter. Smithfield Trust Co now owns 272,200 shares of the company’s stock valued at $10,436,000 after purchasing an additional 227,100 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of ProShares UltraPro Short QQQ during the 4th quarter valued at about $7,334,000. Robertson Stephens Wealth Management LLC purchased a new stake in shares of ProShares UltraPro Short QQQ during the 1st quarter valued at about $2,698,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of ProShares UltraPro Short QQQ during the 1st quarter valued at about $2,512,000.

ProShares UltraPro Short QQQ Stock Up 3.7%

NASDAQ SQQQ opened at $17.95 on Monday. ProShares UltraPro Short QQQ has a 52 week low of $16.71 and a 52 week high of $57.80. The company has a 50-day moving average price of $18.66 and a 200-day moving average price of $26.82.

ProShares UltraPro Short QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 25th were paid a $0.2566 dividend. This represents a $1.03 annualized dividend and a dividend yield of 5.7%. The ex-dividend date was Wednesday, June 25th.

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.