Optiver Holding B.V. trimmed its position in ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Free Report) by 88.3% during the first quarter, HoldingsChannel.com reports. The firm owned 3,703 shares of the company’s stock after selling 28,015 shares during the quarter. Optiver Holding B.V.’s holdings in ProShares UltraPro Short QQQ were worth $298,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Larson Financial Group LLC bought a new position in shares of ProShares UltraPro Short QQQ during the fourth quarter worth about $29,000. Parallel Advisors LLC lifted its stake in ProShares UltraPro Short QQQ by 105.4% in the 3rd quarter. Parallel Advisors LLC now owns 1,992 shares of the company’s stock valued at $30,000 after acquiring an additional 1,022 shares in the last quarter. Osaic Holdings Inc. boosted its position in ProShares UltraPro Short QQQ by 47.2% during the 2nd quarter. Osaic Holdings Inc. now owns 2,170 shares of the company’s stock worth $42,000 after acquiring an additional 696 shares during the last quarter. Sunbelt Securities Inc. acquired a new position in ProShares UltraPro Short QQQ during the 4th quarter worth approximately $137,000. Finally, Cresset Asset Management LLC bought a new position in shares of ProShares UltraPro Short QQQ during the 2nd quarter worth approximately $198,000.
ProShares UltraPro Short QQQ Trading Down 0.1%
NASDAQ SQQQ opened at $43.67 on Monday. ProShares UltraPro Short QQQ has a 12-month low of $35.80 and a 12-month high of $98.85. The firm’s 50 day moving average is $40.30 and its 200-day moving average is $56.39.
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.
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Want to see what other hedge funds are holding SQQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Free Report).
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