Tower Research Capital LLC TRC grew its stake in ProShares Trust UltraPro Short QQQ ETF (NASDAQ:SQQQ) by 42,925.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,040 shares of the company’s stock after purchasing an additional 82,847 shares during the period. Tower Research Capital LLC TRC’s holdings in ProShares Trust UltraPro Short QQQ ETF were worth $2,681,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. David R. Rahn & Associates Inc. acquired a new stake in shares of ProShares Trust UltraPro Short QQQ ETF in the 2nd quarter valued at approximately $1,480,000. Clear Harbor Asset Management LLC acquired a new stake in shares of ProShares Trust UltraPro Short QQQ ETF in the 2nd quarter valued at approximately $290,000. Cadence Capital Management LLC boosted its stake in shares of ProShares Trust UltraPro Short QQQ ETF by 240.8% in the 2nd quarter. Cadence Capital Management LLC now owns 92,670 shares of the company’s stock valued at $2,991,000 after purchasing an additional 65,480 shares in the last quarter. Finally, Virtu KCG Holdings LLC boosted its stake in shares of ProShares Trust UltraPro Short QQQ ETF by 68.0% in the 2nd quarter. Virtu KCG Holdings LLC now owns 28,772 shares of the company’s stock valued at $929,000 after purchasing an additional 11,648 shares in the last quarter.

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ProShares Trust UltraPro Short QQQ ETF (SQQQ) traded down 0.39% during midday trading on Friday, hitting $25.63. 6,452,616 shares of the stock were exchanged. ProShares Trust UltraPro Short QQQ ETF has a 1-year low of $11.69 and a 1-year high of $60.92. The company’s 50 day moving average is $27.42 and its 200 day moving average is $31.02.

ProShares Trust UltraPro Short QQQ ETF 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.

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