ProShares UltraPro Short QQQ $SQQQ Shares Sold by Simplex Trading LLC

Simplex Trading LLC lessened its stake in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 51.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 146,477 shares of the company’s stock after selling 155,011 shares during the quarter. Simplex Trading LLC’s holdings in ProShares UltraPro Short QQQ were worth $10,034,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SQQQ. Quadrature Capital Ltd acquired a new position in shares of ProShares UltraPro Short QQQ during the 3rd quarter valued at $33,368,000. Smithfield Trust Co lifted its holdings in ProShares UltraPro Short QQQ by 330.6% in the 3rd quarter. Smithfield Trust Co now owns 559,600 shares of the company’s stock worth $8,523,000 after buying an additional 429,640 shares in the last quarter. Flow Traders U.S. LLC raised its stake in shares of ProShares UltraPro Short QQQ by 168.5% in the 3rd quarter. Flow Traders U.S. LLC now owns 672,442 shares of the company’s stock valued at $10,241,000 after purchasing an additional 421,972 shares in the last quarter. Jump Financial LLC lifted its position in shares of ProShares UltraPro Short QQQ by 291.5% during the third quarter. Jump Financial LLC now owns 558,887 shares of the company’s stock worth $8,512,000 after purchasing an additional 416,119 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of ProShares UltraPro Short QQQ in the 2nd quarter worth approximately $6,504,000.

ProShares UltraPro Short QQQ Trading Up 6.0%

Shares of SQQQ opened at $45.25 on Thursday. ProShares UltraPro Short QQQ has a 52 week low of $36.55 and a 52 week high of $115.80. The stock has a 50 day moving average of $51.71 and a 200-day moving average of $63.67.

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.