Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) gapped down prior to trading on Monday. The stock had previously closed at $38.90, but opened at $37.33. ProShares UltraPro Short QQQ shares last traded at $37.6670, with a volume of 12,707,894 shares trading hands.
ProShares UltraPro Short QQQ Stock Performance
The firm’s 50 day moving average is $36.82 and its 200-day moving average is $43.08.
Institutional Investors Weigh In On ProShares UltraPro Short QQQ
A number of institutional investors have recently modified their holdings of SQQQ. Parallel Advisors LLC lifted its holdings in ProShares UltraPro Short QQQ by 104.0% in the first quarter. Parallel Advisors LLC now owns 814 shares of the company’s stock worth $66,000 after acquiring an additional 415 shares during the last quarter. Beacon Investment Advisory Services Inc. acquired a new stake in shares of ProShares UltraPro Short QQQ during the 2nd quarter worth approximately $46,000. PayPay Securities Corp raised its position in shares of 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 purchasing an additional 1,286 shares during the period. Quantinno Capital Management LP bought a new stake in shares of ProShares UltraPro Short QQQ in the 1st quarter worth approximately $201,000. Finally, J. Safra Sarasin Holding AG bought a new stake in shares of ProShares UltraPro Short QQQ in the 1st quarter worth approximately $217,000.
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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