ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report)’s share price traded down 5.9% during trading on Thursday . The company traded as low as $37.09 and last traded at $37.1950. 22,363,671 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 59,358,406 shares. The stock had previously closed at $39.52.
ProShares UltraPro Short QQQ Stock Down 7.0%
The stock has a fifty day moving average price of $47.85 and a 200 day moving average price of $62.48.
Hedge Funds Weigh In On ProShares UltraPro Short QQQ
Institutional investors and hedge funds have recently modified their holdings of the stock. Sollinda Capital Management LLC purchased a new position in shares of ProShares UltraPro Short QQQ in the 4th quarter worth approximately $3,435,000. CreativeOne Wealth LLC purchased a new position in ProShares UltraPro Short QQQ during the 3rd quarter valued at $831,000. Citigroup Inc. boosted its holdings in ProShares UltraPro Short QQQ by 17.5% during the 3rd quarter. Citigroup Inc. now owns 714,260 shares of the company’s stock valued at $10,878,000 after acquiring an additional 106,243 shares during the period. Intellectus Partners LLC purchased a new position in ProShares UltraPro Short QQQ during the 3rd quarter valued at $381,000. Finally, Maxi Investments CY Ltd purchased a new position in ProShares UltraPro Short QQQ during the 3rd quarter valued at $1,980,000.
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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