Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) gapped up before the market opened on Friday. The stock had previously closed at $37.83, but opened at $40.78. ProShares UltraPro Short QQQ shares last traded at $40.7870, with a volume of 12,970,178 shares trading hands.
ProShares UltraPro Short QQQ Trading Up 9.6%
The business has a fifty day moving average price of $36.89 and a 200 day moving average price of $50.37.
Institutional Trading of ProShares UltraPro Short QQQ
Large investors have recently added to or reduced their stakes in the business. Tidal Investments LLC increased its holdings in shares of ProShares UltraPro Short QQQ by 119.8% during the 2nd quarter. Tidal Investments LLC now owns 12,500 shares of the company’s stock valued at $463,000 after acquiring an additional 6,813 shares during the last quarter. Beacon Investment Advisory Services Inc. bought a new position in ProShares UltraPro Short QQQ in the 2nd quarter worth $46,000. Corient Private Wealth LP grew its position in shares of ProShares UltraPro Short QQQ by 283.4% in the second quarter. Corient Private Wealth LP now owns 12,253 shares of the company’s stock valued at $445,000 after purchasing an additional 9,057 shares during the last quarter. PayPay Securities Corp raised its position in shares of ProShares UltraPro Short QQQ by 131.4% during the second quarter. PayPay Securities Corp now owns 2,265 shares of the company’s stock valued at $82,000 after buying an additional 1,286 shares during the last quarter. Finally, Trivest Advisors Ltd acquired a new position in shares of ProShares UltraPro Short QQQ in the second quarter valued at $14,194,000.
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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