SCEP Management Ltd Purchases 1,206,810 Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ)

SCEP Management Ltd grew its position in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 664.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,388,344 shares of the company’s stock after purchasing an additional 1,206,810 shares during the quarter. ProShares UltraPro Short QQQ comprises approximately 5.0% of SCEP Management Ltd’s investment portfolio, making the stock its 6th biggest position. SCEP Management Ltd’s holdings in ProShares UltraPro Short QQQ were worth $26,254,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. IMC Chicago LLC bought a new position in ProShares UltraPro Short QQQ during the 2nd quarter worth $73,601,000. Jump Financial LLC increased its stake in ProShares UltraPro Short QQQ by 3,641.8% during the 1st quarter. Jump Financial LLC now owns 730,444 shares of the company’s stock worth $21,446,000 after acquiring an additional 710,923 shares during the period. Stuart Chaussee & Associates Inc. bought a new position in ProShares UltraPro Short QQQ during the 2nd quarter worth $6,675,000. RBF Capital LLC bought a new position in ProShares UltraPro Short QQQ during the 1st quarter worth $8,475,000. Finally, Terril Brothers Inc. bought a new position in ProShares UltraPro Short QQQ during the 2nd quarter worth $2,887,000.

ProShares UltraPro Short QQQ Price Performance

ProShares UltraPro Short QQQ stock traded up $0.45 during mid-day trading on Tuesday, reaching $16.15. 33,857,225 shares of the company were exchanged, compared to its average volume of 129,354,570. The company has a fifty day simple moving average of $19.36 and a 200-day simple moving average of $20.16. ProShares UltraPro Short QQQ has a 12 month low of $15.60 and a 12 month high of $58.29.

ProShares UltraPro Short QQQ Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 27th. Shareholders of record on Thursday, September 21st were issued a $0.324 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 8.02%. The ex-dividend date was Wednesday, September 20th.

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.