Gables Capital Management Inc. Has $28,000 Stake in ProShares UltraPro Short QQQ (NASDAQ:SQQQ)

Posted by Tyrone Williams on Mar 11th, 2025

Gables Capital Management Inc. lowered its position in ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Free Report) by 70.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 900 shares of the company’s stock after selling 2,100 shares during the period. Gables Capital Management Inc.’s holdings in ProShares UltraPro Short QQQ were worth $28,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Peoples Bank KS acquired a new position in ProShares UltraPro Short QQQ in the fourth quarter worth approximately $62,000. Centerpoint Advisors LLC increased its holdings in ProShares UltraPro Short QQQ by 20.0% in the fourth quarter. Centerpoint Advisors LLC now owns 6,000 shares of the company’s stock worth $187,000 after buying an additional 1,000 shares during the last quarter. Foundations Investment Advisors LLC acquired a new position in ProShares UltraPro Short QQQ in the fourth quarter worth approximately $360,000. SBI Securities Co. Ltd. acquired a new position in ProShares UltraPro Short QQQ in the fourth quarter worth approximately $423,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in ProShares UltraPro Short QQQ in the fourth quarter worth approximately $439,000.

ProShares UltraPro Short QQQ Stock Performance

NASDAQ:SQQQ opened at $38.37 on Tuesday. The stock’s 50 day moving average price is $29.74 and its 200 day moving average price is $33.67. ProShares UltraPro Short QQQ has a 52 week low of $26.21 and a 52 week high of $64.95.

ProShares UltraPro Short QQQ Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.8168 per share. The ex-dividend date of this dividend was Monday, December 23rd. This is an increase from ProShares UltraPro Short QQQ’s previous dividend of $0.75.

ProShares UltraPro Short QQQ Company Profile

(Free Report)

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.