ProShares UltraPro Short QQQ Sees Unusually High Options Volume (NASDAQ:SQQQ)

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) saw unusually large options trading activity on Tuesday. Stock investors acquired 94,068 call options on the company. This is an increase of 48% compared to the average volume of 63,472 call options.

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

Institutional investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC purchased a new stake in ProShares UltraPro Short QQQ during the fourth quarter valued at about $29,000. Parallel Advisors LLC lifted its holdings in ProShares UltraPro Short QQQ by 105.4% during the third quarter. Parallel Advisors LLC now owns 1,992 shares of the company’s stock valued at $30,000 after purchasing an additional 1,022 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in ProShares UltraPro Short QQQ by 47.2% during the second quarter. Osaic Holdings Inc. now owns 2,170 shares of the company’s stock valued at $42,000 after purchasing an additional 696 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in ProShares UltraPro Short QQQ during the third quarter valued at about $63,000. Finally, Sunbelt Securities Inc. purchased a new stake in ProShares UltraPro Short QQQ during the fourth quarter valued at about $137,000.

ProShares UltraPro Short QQQ Stock Down 3.0%

NASDAQ SQQQ opened at $41.99 on Thursday. ProShares UltraPro Short QQQ has a 52 week low of $41.60 and a 52 week high of $128.44. The firm’s 50-day simple moving average is $65.75 and its two-hundred day simple moving average is $67.77.

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.