Smithfield Trust Co Sells 482,240 Shares of ProShares UltraPro Short QQQ $SQQQ

Smithfield Trust Co decreased its position in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 86.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 77,360 shares of the company’s stock after selling 482,240 shares during the period. Smithfield Trust Co’s holdings in ProShares UltraPro Short QQQ were worth $5,298,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in SQQQ. Larson Financial Group LLC bought a new position in shares of ProShares UltraPro Short QQQ in the fourth quarter worth approximately $29,000. Parallel Advisors LLC lifted its stake in ProShares UltraPro Short QQQ by 105.4% in the third quarter. Parallel Advisors LLC now owns 1,992 shares of the company’s stock worth $30,000 after acquiring an additional 1,022 shares during the period. Osaic Holdings Inc. lifted its stake in ProShares UltraPro Short QQQ by 47.2% in the second 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 period. FNY Investment Advisers LLC purchased a new stake in ProShares UltraPro Short QQQ in the third quarter worth $63,000. Finally, Cedar Wealth Management LLC purchased a new stake in ProShares UltraPro Short QQQ in the third quarter worth $152,000.

ProShares UltraPro Short QQQ Price Performance

Shares of SQQQ stock opened at $41.50 on Tuesday. The stock has a fifty day moving average of $61.08 and a 200 day moving average of $66.42. ProShares UltraPro Short QQQ has a 52 week low of $40.68 and a 52 week high of $128.44.

ProShares UltraPro Short QQQ Company 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.