Peregrine Asset Advisers Inc. Sells 176,065 Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ)

Peregrine Asset Advisers Inc. decreased its holdings in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 94.1% in the 4th quarter, Holdings Channel reports. The firm owned 11,000 shares of the company’s stock after selling 176,065 shares during the period. Peregrine Asset Advisers Inc.’s holdings in ProShares UltraPro Short QQQ were worth $148,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Spire Wealth Management lifted its position in ProShares UltraPro Short QQQ by 86.7% in the 3rd quarter. Spire Wealth Management now owns 1,867 shares of the company’s stock worth $38,000 after buying an additional 867 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of ProShares UltraPro Short QQQ by 369.2% in the 4th quarter. Larson Financial Group LLC now owns 2,116 shares of the company’s stock valued at $28,000 after purchasing an additional 1,665 shares in the last quarter. Peoples Bank KS bought a new position in shares of ProShares UltraPro Short QQQ during the 4th quarter valued at $54,000. VitalStone Financial LLC raised its position in ProShares UltraPro Short QQQ by 64.6% in the 3rd quarter. VitalStone Financial LLC now owns 5,225 shares of the company’s stock worth $107,000 after purchasing an additional 2,050 shares during the period. Finally, Prime Capital Investment Advisors LLC purchased a new stake in ProShares UltraPro Short QQQ during the third quarter valued at about $201,000.

ProShares UltraPro Short QQQ Stock Up 0.2 %

Shares of SQQQ traded up $0.02 during trading hours on Tuesday, hitting $10.72. The company had a trading volume of 102,459,532 shares, compared to its average volume of 137,922,391. ProShares UltraPro Short QQQ has a 52-week low of $10.05 and a 52-week high of $29.29. The stock’s 50 day moving average price is $11.07 and its 200 day moving average price is $13.52.

ProShares UltraPro Short QQQ Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, March 27th. Investors of record on Thursday, March 21st were given a dividend of $0.164 per share. The ex-dividend date of this dividend was Wednesday, March 20th.

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.