Signaturefd LLC Reduces Stake in ProShares UltraPro Short QQQ

In the third quarter, Signaturefd LLC significantly decreased its stake in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 46.7%, according to Holdings Channel.com. Following this reduction, the fund now holds 96,844 shares of the ETF after selling 84,780 shares during the quarter. By the close of the most recent quarter, Signaturefd LLC's investments in ProShares UltraPro Short QQQ were valued at approximately $716,000.

Other institutional investors have also been adjusting their investments in this ETF. For instance, Strategic Investment Solutions Inc. IL acquired a new position in ProShares UltraPro Short QQQ in the second quarter, worth around $29,000. Additionally, SG Americas Securities LLC increased its holdings in the ETF by 25.5% in the third quarter and now owns 18,090 shares, valued at $134,000, after acquiring an additional 3,679 shares during the quarter.

Cedar Wealth Management LLC also expanded its share count in ProShares UltraPro Short QQQ by 17.1% in the first quarter, bringing its total to 28,374 shares, which are worth approximately $297,000 following the purchase of an additional 4,142 shares. Meanwhile, PCG Wealth Advisors LLC raised its position by 34.6% during the second quarter, now owning 17,500 shares valued at $145,000 after securing an additional 4,500 shares in that period. Lastly, International Assets Investment Management LLC established a new stake worth about $41,000 in the same quarter.

Stock Performance of ProShares UltraPro Short QQQ

The price of SQQQ stock was recorded at $7.24 on a recent Friday. The stock has a 50-day moving average of $7.91 and a 200-day moving average of $9.00. Notably, ProShares UltraPro Short QQQ reached a 12-month low of $6.93 and a peak of $23.34 during this timeframe.

Dividend Announcement

The company has also announced a recent dividend, which was distributed on Wednesday, October 2nd. Shareholders who were recorded as of September 25th received a dividend payment of $0.1495 per share, with the ex-dividend date set for that same day.

About ProShares UltraPro Short QQQ

ProShares UltraPro Short QQQ aims to deliver results that correspond to three times the inverse of the daily performance of the NASDAQ-100 Index. This index includes 100 of the largest non-financial domestic and international companies listed on the NASDAQ Stock Market.

Other Considerations

• Explore other investment options beyond ProShares UltraPro Short QQQ.
• Understand alternative index structures like the S&P/TSX Index.
• Analyze potential buying opportunities for major tech stocks.
• Utilize tools to project potential returns in retirement accounts.
• Stay updated on stocks that are experiencing significant price movements.
• Learn more about market sentiment analysis and its importance.
• Identify strategies for trading popular stocks like Tesla.

Examine the latest positions held by other hedge funds in SQQQ: Utilize financial resources for new filings.

Signaturefd, Stocks, Dividends