Intellectus Partners LLC Has $377,000 Holdings in ProShares UltraPro Short QQQ $SQQQ

Intellectus Partners LLC cut its holdings in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 78.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,500 shares of the company’s stock after selling 19,500 shares during the period. Intellectus Partners LLC’s holdings in ProShares UltraPro Short QQQ were worth $377,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in SQQQ. Goldman Sachs Group Inc. bought a new stake in shares of ProShares UltraPro Short QQQ in the 1st quarter valued at about $7,668,000. JPMorgan Chase & Co. bought a new stake in shares of ProShares UltraPro Short QQQ in the 2nd quarter valued at about $400,000. Cresset Asset Management LLC bought a new stake in shares of ProShares UltraPro Short QQQ in the 2nd quarter valued at about $198,000. Jump Financial LLC bought a new stake in shares of ProShares UltraPro Short QQQ in the 2nd quarter valued at about $2,794,000. Finally, Qube Research & Technologies Ltd increased its stake in shares of ProShares UltraPro Short QQQ by 2,856.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 10,969 shares of the company’s stock valued at $215,000 after acquiring an additional 10,598 shares during the last quarter.

ProShares UltraPro Short QQQ Stock Up 1.5%

Shares of SQQQ stock opened at $37.76 on Friday. The stock has a 50-day moving average of $54.99 and a 200-day moving average of $64.62. ProShares UltraPro Short QQQ has a one year low of $36.55 and a one year high of $116.29.

About ProShares UltraPro Short QQQ

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.