AXS Investments LLC Decreases Holdings in ProShares UltraPro Short QQQ $SQQQ

AXS Investments LLC trimmed its holdings in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 80.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,689 shares of the company’s stock after selling 170,758 shares during the period. ProShares UltraPro Short QQQ accounts for about 1.4% of AXS Investments LLC’s holdings, making the stock its 18th largest holding. AXS Investments LLC’s holdings in ProShares UltraPro Short QQQ were worth $2,924,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of SQQQ. Quadrature Capital Ltd purchased a new stake in ProShares UltraPro Short QQQ during the 3rd quarter worth about $33,368,000. Smithfield Trust Co lifted its holdings in ProShares UltraPro Short QQQ by 330.6% during 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 during the last quarter. Flow Traders U.S. LLC lifted its holdings in ProShares UltraPro Short QQQ by 168.5% during the 3rd quarter. Flow Traders U.S. LLC now owns 672,442 shares of the company’s stock worth $10,241,000 after buying an additional 421,972 shares during the last quarter. Jump Financial LLC lifted its holdings in ProShares UltraPro Short QQQ by 291.5% during the 3rd quarter. Jump Financial LLC now owns 558,887 shares of the company’s stock worth $8,512,000 after buying an additional 416,119 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in ProShares UltraPro Short QQQ during the 2nd quarter worth about $6,504,000.

ProShares UltraPro Short QQQ Trading Down 1.0%

SQQQ opened at $38.08 on Friday. The business’s 50-day simple moving average is $58.26 and its 200-day simple moving average is $65.56. ProShares UltraPro Short QQQ has a one year low of $37.56 and a one year high of $123.57.

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.