ProShares UltraPro Short QQQ $SQQQ Shares Purchased by IMC Chicago LLC

IMC Chicago LLC raised its position in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 267.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 809,094 shares of the company’s stock after purchasing an additional 588,799 shares during the period. IMC Chicago LLC’s holdings in ProShares UltraPro Short QQQ were worth $65,124,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Sollinda Capital Management LLC acquired a new position in shares of ProShares UltraPro Short QQQ in the fourth quarter valued at approximately $3,435,000. JPMorgan Chase & Co. boosted its position in ProShares UltraPro Short QQQ by 804.3% during the third quarter. JPMorgan Chase & Co. now owns 184,884 shares of the company’s stock worth $2,816,000 after acquiring an additional 164,440 shares during the last quarter. Chelsea Counsel Co. acquired a new stake in ProShares UltraPro Short QQQ during the third quarter worth approximately $631,000. Cantor Fitzgerald L. P. grew its stake in ProShares UltraPro Short QQQ by 38.3% in the 3rd quarter. Cantor Fitzgerald L. P. now owns 61,142 shares of the company’s stock worth $931,000 after acquiring an additional 16,944 shares during the period. Finally, Hamilton Wealth LLC grew its stake in ProShares UltraPro Short QQQ by 1,087.5% in the 4th quarter. Hamilton Wealth LLC now owns 118,754 shares of the company’s stock worth $8,135,000 after acquiring an additional 108,754 shares during the period.

ProShares UltraPro Short QQQ Trading Up 0.8%

Shares of SQQQ opened at $38.94 on Thursday. ProShares UltraPro Short QQQ has a fifty-two week low of $35.80 and a fifty-two week high of $98.85. The stock has a fifty day moving average of $40.07 and a two-hundred day moving average of $58.32.

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. The Fund invests in derivatives. It also invests in short-term cash instruments, which have a remaining maturity of 397 days or less and exhibit high quality credit profiles.