IMC Chicago LLC Acquires New Holdings in ProShares UltraPro Short QQQ $SQQQ

Key Points

• IMC Chicago LLC acquired a new stake in ProShares UltraPro Short QQQ (SQQQ), purchasing 220,295 shares valued at about $15.09 million and owning roughly 0.69% of the ETF.
• Other institutions also increased or established positions—Parallel Advisors raised its stake by 105.4% to 1,992 shares (~$30k), Osaic Holdings added 47.2% to 2,170 shares (~$42k), and new buyers Warren Street Wealth Advisors, Joule Financial and FNY Investment Advisers opened positions of roughly $206k, $240k and $63k respectively.
• SQQQ seeks daily investment results equal to three times the inverse of the NASDAQ-100 using derivatives and short-term cash instruments; shares opened at $52.45 with a 12‑month range of $52.37–$168.30 and 50/200-day moving averages near $70.6 and $69.7.

IMC Chicago LLC acquired a new stake in ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 220,295 shares of the company's stock, valued at approximately $15,090,000. IMC Chicago LLC owned approximately 0.69% of ProShares UltraPro Short QQQ as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC raised its stake in shares of ProShares UltraPro Short QQQ by 105.4% in the 3rd quarter. Parallel Advisors LLC now owns 1,992 shares of the company's stock valued at $30,000 after acquiring an additional 1,022 shares in the last quarter. Osaic Holdings Inc. increased its position in ProShares UltraPro Short QQQ by 47.2% in 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 during the period. Warren Street Wealth Advisors LLC bought a new position in ProShares UltraPro Short QQQ in the 4th quarter worth approximately $206,000. Joule Financial LLC bought a new position in ProShares UltraPro Short QQQ in the 4th quarter worth approximately $240,000. Finally, FNY Investment Advisers LLC bought a new position in ProShares UltraPro Short QQQ in the 3rd quarter worth approximately $63,000.

ProShares UltraPro Short QQQ Stock Down 0.1%

Shares of NASDAQ SQQQ opened at $52.45 on Tuesday. The business's 50 day moving average is $70.57 and its two-hundred day moving average is $69.72. ProShares UltraPro Short QQQ has a 12 month low of $52.37 and a 12 month high of $168.30.

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.

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