Hodges Capital Management Inc. Makes New $623,000 Investment in ProShares UltraPro Short QQQ (NASDAQ:SQQQ)

Posted by Anthony Bellafiore on Feb 4th, 2025

Hodges Capital Management Inc. bought a new stake in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 20,000 shares of the company’s stock, valued at approximately $623,000.

Other hedge funds have also recently modified their holdings of the company. Ridgepath Capital Management LLC lifted its holdings in ProShares UltraPro Short QQQ by 761.2% during the 4th quarter. Ridgepath Capital Management LLC now owns 103,348 shares of the company’s stock valued at $3,218,000 after buying an additional 91,348 shares in the last quarter. Capital Investment Advisory Services LLC purchased a new position in shares of ProShares UltraPro Short QQQ during the fourth quarter worth approximately $2,374,000. Foundations Investment Advisors LLC purchased a new position in shares of ProShares UltraPro Short QQQ during the fourth quarter worth approximately $360,000. Peoples Bank KS bought a new stake in shares of ProShares UltraPro Short QQQ during the fourth quarter valued at approximately $62,000. Finally, World Investment Advisors LLC boosted its holdings in shares of ProShares UltraPro Short QQQ by 51.0% in the third quarter. World Investment Advisors LLC now owns 28,000 shares of the company’s stock valued at $207,000 after purchasing an additional 9,463 shares during the period.

ProShares UltraPro Short QQQ Stock Up 2.4 %

NASDAQ:SQQQ opened at $29.72 on Tuesday. ProShares UltraPro Short QQQ has a 1-year low of $27.23 and a 1-year high of $64.95. The company has a 50-day moving average of $30.03 and a 200 day moving average of $36.34.

ProShares UltraPro Short QQQ Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.8168 dividend. The ex-dividend date was Monday, December 23rd. This is an increase from ProShares UltraPro Short QQQ’s previous dividend of $0.75.

About ProShares UltraPro Short QQQ

(Free Report)

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.