Mirae Asset Global Investments Co. Ltd. Invests $439,000 in ProShares UltraPro Short QQQ (NASDAQ:SQQQ)

Mirae Asset Global Investments Co. Ltd. acquired a new stake in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 14,460 shares of the company’s stock, valued at approximately $439,000.

Several other hedge funds have also recently bought and sold shares of the company. Global Assets Advisory LLC acquired a new position in ProShares UltraPro Short QQQ during the 3rd quarter worth approximately $548,000. Capital Investment Advisory Services LLC acquired a new position in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at $2,374,000. Ridgepath Capital Management LLC raised its holdings in shares of ProShares UltraPro Short QQQ by 761.2% in the fourth quarter. Ridgepath Capital Management LLC now owns 103,348 shares of the company’s stock valued at $3,218,000 after buying an additional 91,348 shares during the last quarter. Foundations Investment Advisors LLC purchased a new stake in ProShares UltraPro Short QQQ during the 4th quarter valued at approximately $360,000. Finally, Hodges Capital Management Inc. purchased a new stake in shares of ProShares UltraPro Short QQQ during the fourth quarter worth approximately $623,000.

ProShares UltraPro Short QQQ Price Performance

NASDAQ SQQQ opened at $28.06 on Thursday. ProShares UltraPro Short QQQ has a 52-week low of $27.23 and a 52-week high of $64.95. The firm has a 50-day moving average price of $29.49 and a 200 day moving average price of $35.64.

ProShares UltraPro Short QQQ Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.8168 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This is an increase 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.