Raffles Associates LP lifted its stake in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Free Report) by 250.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 175,000 shares of the company's stock after purchasing an additional 125,000 shares during the quarter. ProShares UltraPro Short QQQ accounts for about 1.6% of Raffles Associates LP's holdings, making the stock its 18th largest position. Raffles Associates LP owned about 0.07% of ProShares UltraPro Short QQQ worth $1,449,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Game Plan Financial Advisors LLC grew its holdings in shares of ProShares UltraPro Short QQQ by 450.5% during the first quarter. Game Plan Financial Advisors LLC now owns 3,055 shares of the company's stock worth $32,000 after purchasing an additional 2,500 shares in the last quarter. International Assets Investment Management LLC purchased a new position in ProShares UltraPro Short QQQ in the second quarter worth $41,000. Whittier Trust Co. of Nevada Inc. increased its stake in ProShares UltraPro Short QQQ by 438.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 8,080 shares of the company's stock valued at $85,000 after acquiring an additional 6,580 shares during the last quarter. Camarda Financial Advisors LLC purchased a new position in shares of ProShares UltraPro Short QQQ during the 1st quarter valued at about $107,000. Finally, Jeppson Wealth Management LLC bought a new stake in ProShares UltraPro Short QQQ in the 2nd quarter worth approximately $88,000.
ProShares UltraPro Short QQQ Stock Down 1.5 %
SQQQ traded down $0.12 during midday trading on Tuesday, hitting $7.65. The stock had a trading volume of 134,951,163 shares, compared to its average volume of 145,222,359. ProShares UltraPro Short QQQ has a 1 year low of $7.14 and a 1 year high of $23.34. The business has a fifty day moving average of $8.73 and a 200 day moving average of $9.49.
About ProShares UltraPro Short QQQ
(
Free Report)
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.
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