Game Plan Financial Advisors LLC Increases Stock Position in ProShares UltraPro Short QQQ $SQQQ

Game Plan Financial Advisors LLC grew its position in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 16,818.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,861 shares of the company’s stock after purchasing an additional 1,850 shares during the period. Game Plan Financial Advisors LLC’s holdings in ProShares UltraPro Short QQQ were worth $71,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SQQQ. IMC Chicago LLC purchased a new stake in ProShares UltraPro Short QQQ during the first quarter worth about $17,319,000. Squarepoint Ops LLC purchased a new stake in ProShares UltraPro Short QQQ during the fourth quarter worth about $7,334,000. Smithfield Trust Co increased its holdings in ProShares UltraPro Short QQQ by 503.5% during the first quarter. Smithfield Trust Co now owns 272,200 shares of the company’s stock worth $10,436,000 after buying an additional 227,100 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in ProShares UltraPro Short QQQ during the first quarter worth about $7,668,000. Finally, Robertson Stephens Wealth Management LLC purchased a new stake in ProShares UltraPro Short QQQ during the first quarter worth about $2,698,000.

ProShares UltraPro Short QQQ Stock Performance

NASDAQ SQQQ opened at $17.20 on Tuesday. 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 simple moving average of $18.31 and a 200 day simple moving average of $26.44.

ProShares UltraPro Short QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Wednesday, June 25th were issued a dividend of $0.2566 per share. This represents a $1.03 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date was Wednesday, June 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.