Chelsea Counsel Co. Has $1.61 Million Holdings in ProShares UltraPro Short QQQ $SQQQ

Chelsea Counsel Co. lessened its position in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 43.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,487 shares of the company’s stock after selling 17,948 shares during the period. Chelsea Counsel Co.’s holdings in ProShares UltraPro Short QQQ were worth $1,609,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Goldman Sachs Group Inc. acquired a new position in ProShares UltraPro Short QQQ in the first quarter valued at $7,668,000. JPMorgan Chase & Co. acquired a new stake in ProShares UltraPro Short QQQ during the 2nd quarter worth about $400,000. Cresset Asset Management LLC acquired a new stake in ProShares UltraPro Short QQQ during the 2nd quarter worth about $198,000. Jump Financial LLC bought a new position in shares of ProShares UltraPro Short QQQ in the 2nd quarter worth about $2,794,000. Finally, Qube Research & Technologies Ltd raised its position in shares of ProShares UltraPro Short QQQ by 2,856.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 10,969 shares of the company’s stock worth $215,000 after acquiring an additional 10,598 shares in the last quarter.

ProShares UltraPro Short QQQ Price Performance

Shares of NASDAQ:SQQQ opened at $36.75 on Friday. ProShares UltraPro Short QQQ has a 1 year low of $36.15 and a 1 year high of $115.80. The business’s 50-day moving average is $47.06 and its 200-day moving average is $62.26.

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.