ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report)’s share price hit a new 52-week low on Thursday . The company traded as low as $35.77 and last traded at $35.9290, with a volume of 19182943 shares. The stock had previously closed at $37.32.
ProShares UltraPro Short QQQ Stock Performance
The stock has a 50 day simple moving average of $40.09 and a 200 day simple moving average of $54.43.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of SQQQ. Parallel Advisors LLC grew its stake in ProShares UltraPro Short QQQ by 104.0% during the 1st quarter. Parallel Advisors LLC now owns 814 shares of the company’s stock valued at $66,000 after purchasing an additional 415 shares in the last quarter. Larson Financial Group LLC acquired a new position in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at approximately $29,000. Osaic Holdings Inc. boosted its stake in shares of ProShares UltraPro Short QQQ by 47.2% during the 2nd quarter. Osaic Holdings Inc. now owns 2,170 shares of the company’s stock valued at $42,000 after buying an additional 696 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of ProShares UltraPro Short QQQ during the fourth quarter worth approximately $137,000. Finally, Quantinno Capital Management LP bought a new stake in shares of ProShares UltraPro Short QQQ in the first quarter worth $201,000.
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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