Nwam LLC Takes $1.46 Million Position in ProShares UltraPro Short QQQ $SQQQ

Nwam LLC acquired a new position in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 18,136 shares of the company’s stock, valued at approximately $1,460,000.

Several other institutional investors have also recently added to or reduced their stakes in SQQQ. Jump Financial LLC lifted its stake in ProShares UltraPro Short QQQ by 291.5% during the third quarter. Jump Financial LLC now owns 558,887 shares of the company’s stock worth $8,512,000 after purchasing an additional 416,119 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in shares of ProShares UltraPro Short QQQ in the 2nd quarter valued at $6,504,000. IMC Chicago LLC acquired a new position in ProShares UltraPro Short QQQ during the 4th quarter worth about $15,090,000. Goldman Sachs Group Inc. acquired a new position in ProShares UltraPro Short QQQ during the 1st quarter worth about $7,668,000. Finally, JPMorgan Chase & Co. boosted its holdings in ProShares UltraPro Short QQQ by 804.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 184,884 shares of the company’s stock valued at $2,816,000 after acquiring an additional 164,440 shares during the period.

ProShares UltraPro Short QQQ Trading Up 0.8%

Shares of NASDAQ:SQQQ opened at $38.94 on Thursday. The firm’s 50-day moving average is $40.07 and its two-hundred day moving average is $58.32. ProShares UltraPro Short QQQ has a 1 year low of $35.80 and a 1 year high of $98.85.

ProShares UltraPro Short QQQ Company 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.