ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report)’s share price fell 5.1% during trading on Thursday . The company traded as low as $43.16 and last traded at $42.9420. 24,583,315 shares were traded during trading, a decline of 58% from the average session volume of 58,660,777 shares. The stock had previously closed at $45.25.
ProShares UltraPro Short QQQ Trading Down 1.9%
The stock has a fifty day moving average of $50.17 and a 200 day moving average of $63.24.
Institutional Trading of ProShares UltraPro Short QQQ
A number of hedge funds have recently bought and sold shares of SQQQ. Larson Financial Group LLC purchased a new stake in ProShares UltraPro Short QQQ in the fourth quarter worth $29,000. Parallel Advisors LLC increased its position in ProShares UltraPro Short QQQ by 105.4% in the third quarter. Parallel Advisors LLC now owns 1,992 shares of the company’s stock worth $30,000 after buying an additional 1,022 shares during the last quarter. Osaic Holdings Inc. increased its position in ProShares UltraPro Short QQQ by 47.2% in the second quarter. Osaic Holdings Inc. now owns 2,170 shares of the company’s stock worth $42,000 after buying an additional 696 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in ProShares UltraPro Short QQQ in the third quarter worth $63,000. Finally, Sunbelt Securities Inc. purchased a new stake in ProShares UltraPro Short QQQ in the fourth quarter worth $137,000.
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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