ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Down to $26.08
ProShares UltraPro Short QQQ (NASDAQ:SQQQ)’s share price gapped down before the market opened on Friday . The stock had previously closed at $26.63, but opened at $26.08. ProShares UltraPro Short QQQ shares last traded at $25.27, with a volume of 11,445,383 shares traded.
The business has a fifty day moving average of $27.32 and a 200 day moving average of $32.12.
Large investors have recently added to or reduced their stakes in the business. Optimum Investment Advisors bought a new position in shares of ProShares UltraPro Short QQQ during the 3rd quarter worth approximately $65,000. Institutional & Family Asset Management LLC bought a new stake in ProShares UltraPro Short QQQ in the 2nd quarter valued at $83,000. Benchmark Financial Wealth Advisors LLC acquired a new stake in ProShares UltraPro Short QQQ during the 3rd quarter valued at $325,000. Virtu Financial LLC acquired a new stake in ProShares UltraPro Short QQQ during the 3rd quarter valued at $492,000. Finally, SG Americas Securities LLC lifted its holdings in ProShares UltraPro Short QQQ by 208.3% during the 3rd quarter. SG Americas Securities LLC now owns 18,500 shares of the company’s stock valued at $601,000 after purchasing an additional 12,500 shares during the last quarter.
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.
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