ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $38.14, but opened at $36.79. ProShares UltraPro Short QQQ shares last traded at $37.1430, with a volume of 13,199,356 shares traded.
ProShares UltraPro Short QQQ Stock Performance
The company has a 50 day simple moving average of $40.26 and a two-hundred day simple moving average of $54.98.
Institutional Trading of ProShares UltraPro Short QQQ
Institutional investors and hedge funds have recently bought and sold shares of the business. Trivest Advisors Ltd acquired a new stake in shares of ProShares UltraPro Short QQQ in the second quarter worth $14,194,000. Ramsey Quantitative Systems acquired a new position in shares of ProShares UltraPro Short QQQ in the 2nd quarter valued at about $102,000. Eastern Bank acquired a new stake in ProShares UltraPro Short QQQ during the second quarter worth about $129,000. Parallel Advisors LLC grew its holdings in ProShares UltraPro Short QQQ by 104.0% during 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 period. Finally, Quantinno Capital Management LP purchased a new position in ProShares UltraPro Short QQQ during the first quarter valued at approximately $201,000.
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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