ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $36.95 and traded as low as $36.67. ProShares UltraPro Short QQQ shares last traded at $36.93, with a volume of 38,356,632 shares changing hands.
ProShares UltraPro Short QQQ Price Performance
The company’s fifty day moving average is $36.95 and its two-hundred day moving average is $50.65.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the business. Trivest Advisors Ltd acquired a new stake in ProShares UltraPro Short QQQ during the 2nd quarter worth about $14,194,000. IMC Chicago LLC raised its stake in shares of ProShares UltraPro Short QQQ by 267.3% during the 1st quarter. IMC Chicago LLC now owns 809,094 shares of the company’s stock valued at $65,124,000 after buying an additional 588,799 shares during the last quarter. Nwam LLC purchased a new position in shares of ProShares UltraPro Short QQQ during the 1st quarter valued at about $1,460,000. Corient Private Wealth LP raised its stake in shares of ProShares UltraPro Short QQQ by 283.4% during the 2nd quarter. Corient Private Wealth LP now owns 12,253 shares of the company’s stock valued at $445,000 after buying an additional 9,057 shares during the last quarter. Finally, PayPay Securities Corp lifted its holdings in shares of ProShares UltraPro Short QQQ by 131.4% in the 2nd 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 period.
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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