SBI Securities Co. Ltd. Has $342,000 Position in ProShares UltraPro Short QQQ $SQQQ

SBI Securities Co. Ltd. lowered its holdings in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 95.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,995 shares of the company’s stock after selling 100,967 shares during the quarter. SBI Securities Co. Ltd.’s holdings in ProShares UltraPro Short QQQ were worth $342,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SQQQ. Quadrature Capital Ltd acquired a new stake in ProShares UltraPro Short QQQ in the 3rd quarter valued at $33,368,000. Smithfield Trust Co boosted 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 acquiring an additional 429,640 shares during the last quarter. Flow Traders U.S. LLC boosted 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 acquiring an additional 421,972 shares during the last quarter. Jump Financial LLC boosted 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 acquiring an additional 416,119 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new position in ProShares UltraPro Short QQQ during the 2nd quarter worth $6,504,000.

ProShares UltraPro Short QQQ Stock Down 6.9%

SQQQ opened at $42.57 on Friday. The firm’s fifty day moving average price is $67.93 and its two-hundred day moving average price is $68.61. ProShares UltraPro Short QQQ has a 1 year low of $42.57 and a 1 year high of $145.65.

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.