Intellectus Partners LLC Has $377,000 Stock Holdings in ProShares UltraPro Short QQQ $SQQQ

Intellectus Partners LLC decreased its stake in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 78.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,500 shares of the company’s stock after selling 19,500 shares during the period. Intellectus Partners LLC’s holdings in ProShares UltraPro Short QQQ were worth $377,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC acquired a new position in ProShares UltraPro Short QQQ during the 4th quarter worth about $29,000. Parallel Advisors LLC lifted its position in ProShares UltraPro Short QQQ by 105.4% during the 3rd quarter. Parallel Advisors LLC now owns 1,992 shares of the company’s stock worth $30,000 after buying an additional 1,022 shares in the last quarter. Osaic Holdings Inc. lifted its position in ProShares UltraPro Short QQQ by 47.2% during the 2nd quarter. Osaic Holdings Inc. now owns 2,170 shares of the company’s stock worth $42,000 after buying an additional 696 shares in the last quarter. Warren Street Wealth Advisors LLC acquired a new position in ProShares UltraPro Short QQQ during the 4th quarter worth about $206,000. Finally, Joule Financial LLC acquired a new position in ProShares UltraPro Short QQQ during the 4th quarter worth about $240,000.

ProShares UltraPro Short QQQ Trading Up 1.5%

Shares of NASDAQ SQQQ opened at $37.76 on Friday. The firm’s 50-day simple moving average is $54.99 and its 200 day simple moving average is $64.62. ProShares UltraPro Short QQQ has a 12-month low of $36.55 and a 12-month high of $116.29.

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. 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.