Hsbc Holdings PLC boosted its position in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 2,304.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 480,900 shares of the company’s stock after acquiring an additional 460,900 shares during the period. Hsbc Holdings PLC owned about 0.95% of ProShares UltraPro Short QQQ worth $5,357,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. SCP Investment LP grew its stake in shares of ProShares UltraPro Short QQQ by 80.3% during the 2nd quarter. SCP Investment LP now owns 89,812 shares of the company’s stock valued at $1,292,000 after buying an additional 40,000 shares during the period. Wolverine Asset Management LLC grew its stake in shares of ProShares UltraPro Short QQQ by 6.2% during the 2nd quarter. Wolverine Asset Management LLC now owns 73,400 shares of the company’s stock valued at $1,056,000 after buying an additional 4,300 shares during the period. Trellus Management Company LLC purchased a new stake in shares of ProShares UltraPro Short QQQ during the 3rd quarter valued at $735,000. Finally, OLD Mission Capital LLC purchased a new stake in shares of ProShares UltraPro Short QQQ during the 2nd quarter valued at $164,000.
Shares of NASDAQ SQQQ opened at $15.44 on Friday. ProShares UltraPro Short QQQ has a 52-week low of $10.83 and a 52-week high of $23.26.
COPYRIGHT VIOLATION NOTICE: “ProShares UltraPro Short QQQ (SQQQ) Holdings Increased by Hsbc Holdings PLC” was originally published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another publication, it was illegally copied and republished in violation of US & international trademark & copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2018/12/08/proshares-ultrapro-short-qqq-sqqq-holdings-increased-by-hsbc-holdings-plc.html.
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.
Further Reading: The Discount Rate – What You Need to Know
Receive News & Ratings for ProShares UltraPro Short QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraPro Short QQQ and related companies with MarketBeat.com's FREE daily email newsletter.