Raffles Associates LP Boosts Stake in ProShares UltraPro Short QQQ (NASDAQ:SQQQ)

Raffles Associates LP raised its position in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 250.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 175,000 shares of the company’s stock after acquiring an additional 125,000 shares during the quarter. ProShares UltraPro Short QQQ accounts for about 1.6% of Raffles Associates LP’s investment portfolio, making the stock its 18th largest holding. Raffles Associates LP owned approximately 0.07% of ProShares UltraPro Short QQQ worth $1,449,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. IMC Chicago LLC grew its holdings in shares of ProShares UltraPro Short QQQ by 113.4% during the second quarter. IMC Chicago LLC now owns 2,755,806 shares of the company’s stock valued at $22,818,000 after purchasing an additional 1,464,325 shares during the last quarter. Jane Street Group LLC boosted its position in shares of ProShares UltraPro Short QQQ by 378.6% in the 1st quarter. Jane Street Group LLC now owns 1,947,014 shares of the company’s stock valued at $20,405,000 after purchasing an additional 1,540,169 shares during the period. Simplex Trading LLC boosted its stake in ProShares UltraPro Short QQQ by 132.0% in the 1st quarter. Simplex Trading LLC now owns 833,229 shares of the company’s stock worth $8,732,000 after purchasing an additional 474,067 shares during the period. Lane Generational LLC grew its holdings in shares of ProShares UltraPro Short QQQ by 18.7% during the first quarter. Lane Generational LLC now owns 320,799 shares of the company’s stock valued at $3,362,000 after buying an additional 50,645 shares in the last quarter. Finally, Banque Cantonale Vaudoise lifted its position in shares of ProShares UltraPro Short QQQ by 23.8% in the first quarter. Banque Cantonale Vaudoise now owns 284,344 shares of the company’s stock worth $2,980,000 after purchasing an additional 54,632 shares in the last quarter.

ProShares UltraPro Short QQQ Stock Down 0.8 %

Shares of SQQQ opened at $7.77 on Tuesday. The firm’s 50 day moving average price is $8.72 and its 200 day moving average price is $9.52. ProShares UltraPro Short QQQ has a twelve month low of $7.14 and a twelve month high of $23.34.

ProShares UltraPro Short QQQ Profile

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.