ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) shares were up 6.3% on Monday . The company traded as high as $40.04 and last traded at $40.16. Approximately 41,586,855 shares traded hands during trading, a decline of 30% from the average daily volume of 59,775,082 shares. The stock had previously closed at $37.78.
ProShares UltraPro Short QQQ Price Performance
The firm’s 50-day simple moving average is $40.64 and its 200-day simple moving average is $58.88.
Institutional Trading of ProShares UltraPro Short QQQ
A number of large investors have recently modified their holdings of the company. Larson Financial Group LLC bought a new position in ProShares UltraPro Short QQQ in the fourth quarter worth approximately $29,000. Parallel Advisors LLC raised its position in ProShares UltraPro Short QQQ by 104.0% during the 1st quarter. Parallel Advisors LLC now owns 814 shares of the company’s stock valued at $66,000 after purchasing an additional 415 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in ProShares UltraPro Short QQQ during the 4th quarter valued at $137,000. Osaic Holdings Inc. lifted its holdings in shares of ProShares UltraPro Short QQQ by 47.2% in the 2nd quarter. Osaic Holdings Inc. now owns 2,170 shares of the company’s stock worth $42,000 after buying an additional 696 shares during the period. Finally, Quantinno Capital Management LP bought a new position in shares of ProShares UltraPro Short QQQ during the 1st quarter worth $201,000.
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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