ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report)’s share price traded down 6.4% during trading on Monday . The stock traded as low as $38.72 and last traded at $38.6550. Approximately 53,184,163 shares were traded during trading, a decline of 11% from the average session volume of 60,013,246 shares. The stock had previously closed at $41.31.
ProShares UltraPro Short QQQ Stock Performance
The firm has a 50 day moving average of $43.94 and a 200 day moving average of $61.07.
Institutional Trading of ProShares UltraPro Short QQQ
Several large investors have recently modified their holdings of SQQQ. Goldman Sachs Group Inc. acquired a new stake in ProShares UltraPro Short QQQ in the first quarter worth $7,668,000. JPMorgan Chase & Co. acquired a new position in shares of ProShares UltraPro Short QQQ during the second quarter valued at about $400,000. Cresset Asset Management LLC bought a new position in shares of 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 during the 2nd quarter worth about $2,794,000. Finally, Qube Research & Technologies Ltd grew its stake 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 valued at $215,000 after buying an additional 10,598 shares during the period.
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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