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

Peregrine Asset Advisers Inc. lowered its position in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 94.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Elevatus Welath Management acquired a new position in ProShares UltraPro Short QQQ in the 3rd quarter valued at $10,428,000. B. Riley Financial Inc. bought a new stake in ProShares UltraPro Short QQQ during the third quarter worth about $8,176,000. Simplex Trading LLC acquired a new stake in ProShares UltraPro Short QQQ during the fourth quarter worth about $4,830,000. Banque Cantonale Vaudoise increased its holdings in ProShares UltraPro Short QQQ by 15.4% in the 3rd quarter. Banque Cantonale Vaudoise now owns 134,468 shares of the company’s stock valued at $2,747,000 after buying an additional 17,973 shares during the period. Finally, Vontobel Holding Ltd. raised its position in shares of ProShares UltraPro Short QQQ by 190.4% in the 4th quarter. Vontobel Holding Ltd. now owns 121,677 shares of the company’s stock valued at $1,637,000 after buying an additional 79,777 shares in the last quarter.

ProShares UltraPro Short QQQ Stock Performance

Shares of NASDAQ SQQQ traded up $0.02 during trading hours on Tuesday, hitting $10.72. 102,459,532 shares of the stock were exchanged, compared to its average volume of 137,922,391. ProShares UltraPro Short QQQ has a 1-year low of $10.05 and a 1-year high of $29.29. The company’s fifty day simple moving average is $11.07 and its two-hundred day simple moving average is $13.52.

ProShares UltraPro Short QQQ Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 27th. Shareholders of record on Thursday, March 21st were given a $0.164 dividend. The ex-dividend date was Wednesday, March 20th.

ProShares UltraPro Short QQQ Company 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.