Trivest Advisors Ltd Acquires New Stake in ProShares UltraPro Short QQQ $SQQQ

Trivest Advisors Ltd acquired a new stake in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 390,900 shares of the company’s stock, valued at approximately $14,194,000. ProShares UltraPro Short QQQ accounts for approximately 0.4% of Trivest Advisors Ltd’s investment portfolio, making the stock its 15th largest holding.

A number of other large investors have also bought and sold shares of the company. Larson Financial Group LLC purchased a new stake in ProShares UltraPro Short QQQ in the fourth quarter worth $29,000. Parallel Advisors LLC lifted its position in shares of ProShares UltraPro Short QQQ by 105.4% during the 3rd quarter. Parallel Advisors LLC now owns 1,992 shares of the company’s stock valued at $30,000 after buying an additional 1,022 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of ProShares UltraPro Short QQQ by 47.2% during the 2nd quarter. Osaic Holdings Inc. now owns 2,170 shares of the company’s stock valued at $42,000 after buying an additional 696 shares during the last quarter. Ramsey Quantitative Systems bought a new position in shares of ProShares UltraPro Short QQQ during the 2nd quarter worth $102,000. Finally, Eastern Bank bought a new position in shares of ProShares UltraPro Short QQQ during the 2nd quarter worth $129,000.

ProShares UltraPro Short QQQ Price Performance

Shares of SQQQ opened at $38.53 on Thursday. ProShares UltraPro Short QQQ has a fifty-two week low of $35.72 and a fifty-two week high of $95.00. The business has a 50-day moving average of $39.77 and a 200 day moving average of $53.82.

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.