ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $35.95 and last traded at $35.9060, with a volume of 10769128 shares traded. The stock had previously closed at $36.75.
ProShares UltraPro Short QQQ Stock Up 9.8%
The stock has a 50 day simple moving average of $45.25 and a 200 day simple moving average of $61.63.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sollinda Capital Management LLC acquired a new position in ProShares UltraPro Short QQQ during the 4th quarter valued at about $3,435,000. CreativeOne Wealth LLC bought a new position in ProShares UltraPro Short QQQ in the 3rd quarter worth about $831,000. Citigroup Inc. increased its stake 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 valued at $10,878,000 after purchasing an additional 106,243 shares during the period. Intellectus Partners LLC acquired a new stake in shares of ProShares UltraPro Short QQQ in the third quarter valued at approximately $381,000. Finally, Flow Traders U.S. LLC raised its holdings in shares of ProShares UltraPro Short QQQ by 168.5% during the third quarter. Flow Traders U.S. LLC now owns 672,442 shares of the company’s stock valued at $10,241,000 after buying an additional 421,972 shares during the last quarter.
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.
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