Resurgent Financial Advisors LLC Has $207,000 Position in ProShares UltraPro Short QQQ (NASDAQ:SQQQ)

Resurgent Financial Advisors LLC raised its stake in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 84.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,764 shares of the company’s stock after purchasing an additional 9,036 shares during the period. Resurgent Financial Advisors LLC’s holdings in ProShares UltraPro Short QQQ were worth $207,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Jump Financial LLC bought a new position in shares of ProShares UltraPro Short QQQ in the fourth quarter worth about $21,670,000. IMC Chicago LLC acquired a new stake in ProShares UltraPro Short QQQ in the 4th quarter valued at approximately $12,115,000. Simplex Trading LLC increased its position in ProShares UltraPro Short QQQ by 132.0% in the 1st quarter. Simplex Trading LLC now owns 833,229 shares of the company’s stock worth $8,732,000 after buying an additional 474,067 shares during the period. Smithfield Trust Co acquired a new position in shares of ProShares UltraPro Short QQQ during the fourth quarter worth approximately $2,458,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of ProShares UltraPro Short QQQ by 318.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 229,110 shares of the company’s stock valued at $3,082,000 after acquiring an additional 174,314 shares during the period.

ProShares UltraPro Short QQQ Trading Up 0.7 %

SQQQ stock traded up $0.06 on Tuesday, reaching $8.15. 89,852,813 shares of the company were exchanged, compared to its average volume of 132,548,813. ProShares UltraPro Short QQQ has a 12 month low of $7.14 and a 12 month high of $23.34. The stock’s fifty day moving average price is $8.71 and its 200 day moving average price is $10.54.

ProShares UltraPro Short QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Wednesday, June 26th were paid a $0.1605 dividend. This represents a $0.64 annualized dividend and a dividend yield of 7.88%. The ex-dividend date of this dividend was Wednesday, June 26th.

ProShares UltraPro Short QQQ Company 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.