Chelsea Counsel Co. Sells 17,948 Shares of ProShares UltraPro Short QQQ $SQQQ

Chelsea Counsel Co. lessened its holdings in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 43.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,487 shares of the company’s stock after selling 17,948 shares during the period. Chelsea Counsel Co. owned 0.07% of ProShares UltraPro Short QQQ worth $1,609,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. bought a new position in ProShares UltraPro Short QQQ during the 1st quarter worth $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 acquired a new stake in shares of ProShares UltraPro Short QQQ in the second 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 second quarter. Qube Research & Technologies Ltd now owns 10,969 shares of the company’s stock valued at $215,000 after buying an additional 10,598 shares during the period.

ProShares UltraPro Short QQQ Stock Down 7.0%

ProShares UltraPro Short QQQ stock opened at $36.75 on Friday. The stock’s 50 day moving average is $47.06 and its 200 day moving average is $62.26. ProShares UltraPro Short QQQ has a one year low of $36.15 and a one year high of $115.80.

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.