Smithfield Trust Co Sells 482,240 Shares of ProShares UltraPro Short QQQ $SQQQ

Smithfield Trust Co reduced its holdings in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 86.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,360 shares of the company’s stock after selling 482,240 shares during the period. Smithfield Trust Co owned about 0.23% of ProShares UltraPro Short QQQ worth $5,298,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sollinda Capital Management LLC bought a new position in ProShares UltraPro Short QQQ during the fourth quarter valued at approximately $3,435,000. CreativeOne Wealth LLC bought a new position in ProShares UltraPro Short QQQ during the third quarter valued at approximately $831,000. AXS Investments LLC bought a new position in ProShares UltraPro Short QQQ during the third quarter valued at approximately $3,251,000. Citigroup Inc. grew its holdings in shares of ProShares UltraPro Short QQQ by 17.5% in the third quarter. Citigroup Inc. now owns 714,260 shares of the company’s stock worth $10,878,000 after purchasing an additional 106,243 shares during the last quarter. Finally, Intellectus Partners LLC bought a new position in shares of ProShares UltraPro Short QQQ in the third quarter worth approximately $381,000.

ProShares UltraPro Short QQQ Stock Performance

Shares of ProShares UltraPro Short QQQ stock opened at $41.50 on Tuesday. ProShares UltraPro Short QQQ has a 52-week low of $40.68 and a 52-week high of $128.44. The company’s 50 day moving average price is $61.08 and its 200-day moving average price is $66.42.

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.