ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report)’s share price gapped up prior to trading on Thursday. The stock had previously closed at $36.48, but opened at $38.22. ProShares UltraPro Short QQQ shares last traded at $38.2520, with a volume of 13,173,484 shares traded.
ProShares UltraPro Short QQQ Stock Performance
The firm’s 50 day moving average is $36.93 and its two-hundred day moving average is $41.92.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Parallel Advisors LLC grew its stake in shares of ProShares UltraPro Short QQQ by 104.0% in the 1st quarter. Parallel Advisors LLC now owns 814 shares of the company’s stock worth $66,000 after purchasing an additional 415 shares during the last quarter. Beacon Investment Advisory Services Inc. purchased a new position in shares of ProShares UltraPro Short QQQ in the second quarter worth approximately $46,000. PayPay Securities Corp lifted its position 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 acquiring an additional 1,286 shares in the last quarter. Quantinno Capital Management LP acquired a new position in ProShares UltraPro Short QQQ in the 1st quarter worth approximately $201,000. Finally, J. Safra Sarasin Holding AG acquired a new stake in ProShares UltraPro Short QQQ during the 1st quarter valued at $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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