Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) traded up 3.8% during mid-day trading on Monday. The company traded as high as $35.00 and last traded at $35.0380. Approximately 15,612,113 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 56,386,816 shares. The stock had previously closed at $33.75.
ProShares UltraPro Short QQQ Stock Performance
The business has a 50-day simple moving average of $39.27 and a two-hundred day simple moving average of $47.64.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its holdings in ProShares UltraPro Short QQQ by 104.0% in the first quarter. Parallel Advisors LLC now owns 814 shares of the company’s stock valued at $66,000 after acquiring an additional 415 shares during the last quarter. Beacon Investment Advisory Services Inc. purchased a new position in ProShares UltraPro Short QQQ during the second quarter worth about $46,000. PayPay Securities Corp increased 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 acquiring an additional 1,286 shares during the last quarter. Quantinno Capital Management LP bought a new position in ProShares UltraPro Short QQQ during the first quarter valued at about $201,000. Finally, J. Safra Sarasin Holding AG bought a new stake in shares of ProShares UltraPro Short QQQ in the 1st quarter worth approximately $217,000.
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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