ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report)’s share price gapped up before the market opened on Thursday. The stock had previously closed at $36.00, but opened at $37.57. ProShares UltraPro Short QQQ shares last traded at $37.3490, with a volume of 16,558,412 shares changing hands.
ProShares UltraPro Short QQQ Stock Up 2.0%
The company’s 50 day moving average price is $36.85 and its 200 day moving average price is $43.79.
Institutional Trading of ProShares UltraPro Short QQQ
Several hedge funds have recently modified their holdings of SQQQ. Beacon Investment Advisory Services Inc. acquired a new stake in ProShares UltraPro Short QQQ in the second quarter valued at approximately $46,000. Parallel Advisors LLC grew its holdings in ProShares UltraPro Short QQQ by 104.0% during the 1st quarter. Parallel Advisors LLC now owns 814 shares of the company’s stock worth $66,000 after acquiring an additional 415 shares in the last quarter. PayPay Securities Corp grew its holdings in ProShares UltraPro Short QQQ by 131.4% during the 2nd quarter. PayPay Securities Corp now owns 2,265 shares of the company’s stock worth $82,000 after acquiring an additional 1,286 shares in the last quarter. Ramsey Quantitative Systems purchased a new stake in shares of ProShares UltraPro Short QQQ in the 2nd quarter valued at approximately $102,000. Finally, Eastern Bank purchased a new stake in shares of ProShares UltraPro Short QQQ in the 2nd quarter valued at approximately $129,000.
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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