Sollinda Capital Management LLC Acquires New Stake in ProShares UltraPro Short QQQ (NASDAQ:SQQQ)

Sollinda Capital Management LLC acquired a new stake in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) in the fourth quarter, HoldingsChannel reports. The firm acquired 447,419 shares of the company’s stock, valued at approximately $13,933,000. ProShares UltraPro Short QQQ comprises 3.8% of Sollinda Capital Management LLC’s portfolio, making the stock its 10th biggest holding.

Other large investors also recently bought and sold shares of the company. Capital Investment Advisory Services LLC purchased a new position in ProShares UltraPro Short QQQ during the 4th quarter valued at $2,374,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of ProShares UltraPro Short QQQ in the 4th quarter worth $439,000. Compagnie Lombard Odier SCmA lifted its holdings in shares of ProShares UltraPro Short QQQ by 3,357.5% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 16,596 shares of the company’s stock worth $517,000 after buying an additional 16,116 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of ProShares UltraPro Short QQQ in the 4th quarter worth $423,000. Finally, Ridgepath Capital Management LLC lifted its holdings in shares of ProShares UltraPro Short QQQ by 761.2% in the 4th quarter. Ridgepath Capital Management LLC now owns 103,348 shares of the company’s stock worth $3,218,000 after buying an additional 91,348 shares during the period.

ProShares UltraPro Short QQQ Trading Up 11.3 %

Shares of SQQQ stock opened at $38.37 on Tuesday. ProShares UltraPro Short QQQ has a twelve month low of $26.21 and a twelve month high of $64.95. The stock has a fifty day simple moving average of $29.74 and a two-hundred day simple moving average of $33.67.

ProShares UltraPro Short QQQ Increases Dividend

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

About ProShares UltraPro Short QQQ

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.