Global Assets Advisory LLC Invests $548,000 in ProShares UltraPro Short QQQ

Global Assets Advisory LLC has made a new investment in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) during the third quarter, as revealed in their latest Form 13F filing submitted to the Securities and Exchange Commission (SEC). The firm acquired 71,027 shares of SQQQ, totaling approximately $548,000 in value.

Investments by Other Firms

In addition to Global Assets Advisory, several other notable investors have recently adjusted their stakes in ProShares UltraPro Short QQQ. Venture Visionary Partners LLC established a new position in the third quarter worth about $144,000. Meanwhile, Embree Financial Group increased its holdings by 50.7%, bringing their total to 49,135 shares valued at $363,000 after adding an additional 16,528 shares during this time. Creative Planning also significantly boosted its position by 150.1%, now holding 115,582 shares valued at $854,000 following the acquisition of 69,363 shares. Atomi Financial Group Inc. initiated a new position valued at around $169,000, and SG Americas Securities LLC raised its stake by 25.5%, now owning 18,090 shares worth $134,000 after purchasing an extra 3,679 shares in the same period.

ProShares UltraPro Short QQQ Market Performance

On Thursday, NASDAQ listed SQQQ opened at $7.41. Over the past year, the stock recorded a low of $6.93 and a high of $23.34. It has a 50-day simple moving average of $7.93 and a 200-day average of $9.01.

Dividend Payment Announcement

Recently, the company announced a dividend to shareholders, which was paid on Wednesday, October 2nd. Investors who were on record by Wednesday, September 25th received a dividend of $0.1495 per share. The ex-dividend date also fell on September 25th.

Understanding ProShares UltraPro Short QQQ

The ProShares UltraPro Short QQQ fund aims to achieve daily investment results that correspond to three times the inverse of the daily performance of the NASDAQ-100 Index, which consists of 100 of the leading non-financial domestic and international securities listed on the NASDAQ stock market.

Key Takeaways and Investment Considerations

Investors considering putting money into ProShares UltraPro Short QQQ may want to do their research first. Although it has a current hold rating, analysts believe there are better opportunities available in the market. Potential investors may want to explore other stocks with a stronger performance outlook.

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