ProShares UltraPro Short QQQ $SQQQ Shares Sold by Brave Asset Management Inc.

Brave Asset Management Inc. lessened its stake in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 62.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,276 shares of the company’s stock after selling 8,664 shares during the period. Brave Asset Management Inc.’s holdings in ProShares UltraPro Short QQQ were worth $361,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of ProShares UltraPro Short QQQ by 804.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 184,884 shares of the company’s stock valued at $2,816,000 after purchasing an additional 164,440 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in ProShares UltraPro Short QQQ during the third quarter worth $63,000. Cantor Fitzgerald L. P. boosted its holdings in ProShares UltraPro Short QQQ by 38.3% during the third quarter. Cantor Fitzgerald L. P. now owns 61,142 shares of the company’s stock worth $931,000 after buying an additional 16,944 shares in the last quarter. Chelsea Counsel Co. acquired a new stake in ProShares UltraPro Short QQQ during the third quarter valued at $631,000. Finally, Maxi Investments CY Ltd acquired a new stake in ProShares UltraPro Short QQQ during the third quarter valued at $1,980,000.

ProShares UltraPro Short QQQ Stock Up 5.7%

SQQQ opened at $80.25 on Monday. The company has a fifty day moving average of $69.94 and a two-hundred day moving average of $71.57. ProShares UltraPro Short QQQ has a fifty-two week low of $61.72 and a fifty-two week high of $289.00.

ProShares UltraPro Short QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 24th were paid a $1.5055 dividend. The ex-dividend date was Wednesday, December 24th. This represents a $6.02 annualized dividend and a dividend yield of 7.5%. This is a boost from ProShares UltraPro Short QQQ’s previous quarterly dividend of $1.21.

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. The Fund invests in derivatives. It also invests in short-term cash instruments, which have a remaining maturity of 397 days or less and exhibit high quality credit profiles.