Hoey Investments Inc. Has $62,000 Position in ProShares UltraPro Short QQQ (NASDAQ:SQQQ)

Hoey Investments Inc. trimmed its position in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 80.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,000 shares of the company’s stock after selling 8,000 shares during the period. Hoey Investments Inc.’s holdings in ProShares UltraPro Short QQQ were worth $62,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC bought a new stake in shares of ProShares UltraPro Short QQQ in the fourth quarter valued at about $3,144,000. Sollinda Capital Management LLC acquired a new stake in ProShares UltraPro Short QQQ in the 4th quarter worth about $13,933,000. SBI Securities Co. Ltd. bought a new stake in ProShares UltraPro Short QQQ in the 4th quarter valued at about $423,000. Centerpoint Advisors LLC grew its position in shares of ProShares UltraPro Short QQQ by 20.0% during the 4th quarter. Centerpoint Advisors LLC now owns 6,000 shares of the company’s stock worth $187,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA increased its holdings in shares of ProShares UltraPro Short QQQ by 3,357.5% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 16,596 shares of the company’s stock worth $517,000 after purchasing an additional 16,116 shares during the period.

ProShares UltraPro Short QQQ Trading Up 8.0 %

Shares of SQQQ stock opened at $38.30 on Monday. ProShares UltraPro Short QQQ has a 1 year low of $26.21 and a 1 year high of $64.95. The stock has a 50 day simple moving average of $31.55 and a 200 day simple moving average of $32.98.

ProShares UltraPro Short QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th will be issued a dividend of $0.4823 per share. This represents a $1.93 annualized dividend and a dividend yield of 5.04%. The ex-dividend date is Wednesday, March 26th.

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.