Foundations Investment Advisors LLC Makes New $360,000 Investment in ProShares UltraPro Short QQQ (NASDAQ:SQQQ)

Foundations Investment Advisors LLC bought a new stake in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 11,567 shares of the company’s stock, valued at approximately $360,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Peoples Bank KS bought a new position in ProShares UltraPro Short QQQ in the fourth quarter valued at about $62,000. World Investment Advisors LLC grew its position in shares of ProShares UltraPro Short QQQ by 51.0% during the 3rd quarter. World Investment Advisors LLC now owns 28,000 shares of the company’s stock worth $207,000 after buying an additional 9,463 shares during the period. Barclays PLC raised its stake in shares of ProShares UltraPro Short QQQ by 157.8% during the third quarter. Barclays PLC now owns 203,395 shares of the company’s stock worth $1,503,000 after buying an additional 124,500 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new position in ProShares UltraPro Short QQQ in the third quarter valued at approximately $1,848,000. Finally, RBF Capital LLC grew its holdings in ProShares UltraPro Short QQQ by 230.7% during the 3rd quarter. RBF Capital LLC now owns 1,671,427 shares of the company’s stock worth $12,352,000 after acquiring an additional 1,166,014 shares during the period.

ProShares UltraPro Short QQQ Price Performance

SQQQ stock opened at $28.85 on Friday. ProShares UltraPro Short QQQ has a twelve month low of $27.23 and a twelve month high of $64.95. The business’s fifty day moving average is $30.19 and its 200-day moving average is $36.51.

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 paid a $0.8168 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This is a boost from ProShares UltraPro Short QQQ’s previous dividend of $0.75.

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.