SG Americas Securities LLC Increases Stake in ProShares UltraPro Short QQQ (NASDAQ:SQQQ)

SG Americas Securities LLC grew its position in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 25.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,090 shares of the company’s stock after acquiring an additional 3,679 shares during the period. SG Americas Securities LLC’s holdings in ProShares UltraPro Short QQQ were worth $134,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SQQQ. IMC Chicago LLC boosted its holdings in ProShares UltraPro Short QQQ by 113.4% in the 2nd quarter. IMC Chicago LLC now owns 2,755,806 shares of the company’s stock valued at $22,818,000 after purchasing an additional 1,464,325 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of ProShares UltraPro Short QQQ by 378.6% in the first quarter. Jane Street Group LLC now owns 1,947,014 shares of the company’s stock valued at $20,405,000 after buying an additional 1,540,169 shares in the last quarter. Lane Generational LLC grew its holdings in ProShares UltraPro Short QQQ by 18.7% during the first quarter. Lane Generational LLC now owns 320,799 shares of the company’s stock worth $3,362,000 after acquiring an additional 50,645 shares during the period. Smithfield Trust Co raised its position in ProShares UltraPro Short QQQ by 26.7% in the first quarter. Smithfield Trust Co now owns 231,500 shares of the company’s stock worth $2,427,000 after acquiring an additional 48,800 shares in the last quarter. Finally, DRW Securities LLC acquired a new stake in ProShares UltraPro Short QQQ in the second quarter valued at $1,481,000.

ProShares UltraPro Short QQQ Stock Down 1.8 %

NASDAQ:SQQQ opened at $7.11 on Friday. The firm’s fifty day simple moving average is $7.89 and its 200-day simple moving average is $8.97. ProShares UltraPro Short QQQ has a fifty-two week low of $6.89 and a fifty-two week high of $23.34.

ProShares UltraPro Short QQQ Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 25th were given a dividend of $0.1495 per share. The ex-dividend date was Wednesday, September 25th.

About ProShares UltraPro Short QQQ

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.