ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report)’s stock price gapped up before the market opened on Thursday. The stock had previously closed at $40.55, but opened at $42.34. ProShares UltraPro Short QQQ shares last traded at $41.64, with a volume of 18,228,412 shares.
ProShares UltraPro Short QQQ Stock Performance
The business’s 50-day moving average is $37.73 and its two-hundred day moving average is $49.34.
Institutional Investors Weigh In On ProShares UltraPro Short QQQ
Large investors have recently made changes to their positions in the company. Trivest Advisors Ltd bought a new stake in shares of ProShares UltraPro Short QQQ during the 2nd quarter worth about $14,194,000. IMC Chicago LLC boosted its holdings in shares of ProShares UltraPro Short QQQ by 267.3% in the first quarter. IMC Chicago LLC now owns 809,094 shares of the company’s stock valued at $65,124,000 after acquiring an additional 588,799 shares in the last quarter. Nwam LLC bought a new position in shares of ProShares UltraPro Short QQQ in the first quarter valued at approximately $1,460,000. J. Safra Sarasin Holding AG bought a new position in shares of ProShares UltraPro Short QQQ in the first quarter valued at approximately $217,000. Finally, Hollencrest Capital Management increased its stake in shares of ProShares UltraPro Short QQQ by 99.7% during the first quarter. Hollencrest Capital Management now owns 12,900 shares of the company’s stock valued at $1,038,000 after acquiring an additional 6,440 shares during the period.
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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