ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report)’s stock price traded down 7.4% during mid-day trading on Monday. The company traded as low as $44.01 and last traded at $44.1690. Approximately 15,458,685 shares traded hands during trading, a decline of 72% from the average daily volume of 55,825,582 shares. The stock had previously closed at $47.70.
ProShares UltraPro Short QQQ Trading Down 9.5%
The company’s fifty day moving average price is $37.53 and its 200 day moving average price is $49.70.
Institutional Trading of ProShares UltraPro Short QQQ
Several large investors have recently modified their holdings of SQQQ. Parallel Advisors LLC boosted its stake in ProShares UltraPro Short QQQ by 104.0% in the first quarter. Parallel Advisors LLC now owns 814 shares of the company’s stock valued at $66,000 after buying an additional 415 shares in the last quarter. Beacon Investment Advisory Services Inc. acquired a new position in ProShares UltraPro Short QQQ during the second quarter worth about $46,000. PayPay Securities Corp raised its stake in ProShares UltraPro Short QQQ by 131.4% during the second 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. Quantinno Capital Management LP bought a new position in shares of ProShares UltraPro Short QQQ in the first quarter worth about $201,000. Finally, J. Safra Sarasin Holding AG bought a new position in shares of ProShares UltraPro Short QQQ in the first quarter worth about $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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