Westwood Holdings Group Inc. Acquires Shares of 50,000 ProShares UltraPro Short QQQ (NASDAQ:SQQQ)

Westwood Holdings Group Inc. bought a new stake in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 50,000 shares of the company’s stock, valued at approximately $524,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Larson Financial Group LLC raised its holdings in ProShares UltraPro Short QQQ by 369.2% in the fourth quarter. Larson Financial Group LLC now owns 2,116 shares of the company’s stock worth $28,000 after purchasing an additional 1,665 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its holdings in ProShares UltraPro Short QQQ by 140.8% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,201 shares of the company’s stock worth $30,000 after buying an additional 1,287 shares in the last quarter. Game Plan Financial Advisors LLC increased its holdings in ProShares UltraPro Short QQQ by 450.5% in the 1st quarter. Game Plan Financial Advisors LLC now owns 3,055 shares of the company’s stock worth $32,000 after buying an additional 2,500 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in ProShares UltraPro Short QQQ by 438.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 8,080 shares of the company’s stock worth $85,000 after buying an additional 6,580 shares in the last quarter. Finally, Camarda Financial Advisors LLC bought a new stake in ProShares UltraPro Short QQQ in the 1st quarter worth about $107,000.

ProShares UltraPro Short QQQ Price Performance

NASDAQ SQQQ traded up $0.67 during trading hours on Friday, hitting $9.89. The company’s stock had a trading volume of 286,792,079 shares, compared to its average volume of 137,848,578. ProShares UltraPro Short QQQ has a 12 month low of $7.14 and a 12 month high of $23.34. The company’s 50 day simple moving average is $8.58 and its two-hundred day simple moving average is $10.30.

ProShares UltraPro Short QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 26th were given a $0.1605 dividend. The ex-dividend date of this dividend was Wednesday, June 26th. This represents a $0.64 annualized dividend and a yield of 6.49%.

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.