ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $40.94, but opened at $42.81. ProShares UltraPro Short QQQ shares last traded at $43.5450, with a volume of 23,928,693 shares changing hands.
ProShares UltraPro Short QQQ Stock Performance
The business’s 50 day moving average price is $39.98 and its 200 day moving average price is $57.15.
Institutional Investors Weigh In On ProShares UltraPro Short QQQ
Several large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. acquired a new position in shares of ProShares UltraPro Short QQQ during the first quarter valued at approximately $7,668,000. JPMorgan Chase & Co. acquired a new stake in shares of ProShares UltraPro Short QQQ in the second quarter worth approximately $400,000. Cresset Asset Management LLC acquired a new stake in shares of ProShares UltraPro Short QQQ in the second quarter worth approximately $198,000. Jump Financial LLC purchased a new stake in shares of ProShares UltraPro Short QQQ during the second quarter worth approximately $2,794,000. Finally, Qube Research & Technologies Ltd increased its position in shares of ProShares UltraPro Short QQQ by 2,856.6% during the second quarter. Qube Research & Technologies Ltd now owns 10,969 shares of the company’s stock worth $215,000 after purchasing an additional 10,598 shares in the last quarter.
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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