Mercer Global Advisors Inc. ADV Lowers Position in ProShares UltraPro Short QQQ (NASDAQ:SQQQ)

Mercer Global Advisors Inc. ADV decreased its position in ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Rating) by 36.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,786 shares of the company’s stock after selling 5,501 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in ProShares UltraPro Short QQQ were worth $529,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Jane Street Group LLC boosted its holdings in shares of ProShares UltraPro Short QQQ by 1,629.0% in the third quarter. Jane Street Group LLC now owns 1,579,299 shares of the company’s stock valued at $96,842,000 after acquiring an additional 1,487,956 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of ProShares UltraPro Short QQQ by 1,100.3% in the third quarter. Tower Research Capital LLC TRC now owns 310,245 shares of the company’s stock valued at $19,025,000 after purchasing an additional 284,397 shares during the period. Empowered Funds LLC acquired a new stake in shares of ProShares UltraPro Short QQQ in the fourth quarter valued at about $11,558,000. Trek Financial LLC acquired a new stake in shares of ProShares UltraPro Short QQQ in the third quarter valued at about $12,375,000. Finally, Blue Zone Wealth Advisors LLC lifted its stake in shares of ProShares UltraPro Short QQQ by 10.2% in the fourth quarter. Blue Zone Wealth Advisors LLC now owns 170,485 shares of the company’s stock valued at $9,208,000 after purchasing an additional 15,785 shares during the period.

ProShares UltraPro Short QQQ Trading Up 0.7 %

Shares of NASDAQ SQQQ opened at $25.56 on Monday. ProShares UltraPro Short QQQ has a 52 week low of $25.16 and a 52 week high of $69.55. The firm has a 50-day moving average price of $29.90 and a 200 day moving average price of $33.69.

ProShares UltraPro Short QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 29th. Investors of record on Thursday, March 23rd were paid a $0.204 dividend. This is a boost from ProShares UltraPro Short QQQ’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Wednesday, March 22nd. This represents a $0.82 annualized dividend and a dividend yield of 3.19%.

ProShares UltraPro Short QQQ Profile

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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.