Ridgepath Capital Management LLC Purchases 91,348 Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ)

Ridgepath Capital Management LLC boosted its position in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 761.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 103,348 shares of the company’s stock after purchasing an additional 91,348 shares during the period. ProShares UltraPro Short QQQ comprises 1.5% of Ridgepath Capital Management LLC’s portfolio, making the stock its 15th biggest holding. Ridgepath Capital Management LLC’s holdings in ProShares UltraPro Short QQQ were worth $3,218,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Creative Planning raised its stake in ProShares UltraPro Short QQQ by 138.6% during the 2nd quarter. Creative Planning now owns 46,219 shares of the company’s stock worth $383,000 after acquiring an additional 26,845 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in shares of ProShares UltraPro Short QQQ in the second quarter worth $29,000. SG Americas Securities LLC raised its position in shares of ProShares UltraPro Short QQQ by 25.5% during the 3rd quarter. SG Americas Securities LLC now owns 18,090 shares of the company’s stock valued at $134,000 after purchasing an additional 3,679 shares during the period. Atomi Financial Group Inc. purchased a new position in shares of ProShares UltraPro Short QQQ during the 3rd quarter valued at $169,000. Finally, Embree Financial Group boosted its holdings in ProShares UltraPro Short QQQ by 50.7% in the 3rd quarter. Embree Financial Group now owns 49,135 shares of the company’s stock worth $363,000 after buying an additional 16,528 shares during the period.

ProShares UltraPro Short QQQ Price Performance

NASDAQ:SQQQ opened at $28.85 on Friday. The business’s 50-day simple moving average is $30.19 and its two-hundred day simple moving average is $36.51. ProShares UltraPro Short QQQ has a 52 week low of $27.23 and a 52 week high of $64.95.

ProShares UltraPro Short QQQ Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.8168 per share. The ex-dividend date of this dividend was Monday, December 23rd. This is a boost from ProShares UltraPro Short QQQ’s previous dividend of $0.75.

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.