ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) shares saw an uptick in trading volume on Monday . 82,204,595 shares changed hands during mid-day trading, an increase of 39% from the previous session’s volume of 58,997,938 shares.The stock last traded at $42.9270 and had previously closed at $43.73.
ProShares UltraPro Short QQQ Stock Performance
The stock has a fifty day simple moving average of $40.26 and a 200-day simple moving average of $56.02.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. Ramsey Quantitative Systems bought a new stake in ProShares UltraPro Short QQQ in the 2nd quarter valued at approximately $102,000. Eastern Bank acquired a new position in ProShares UltraPro Short QQQ during the 2nd quarter worth approximately $129,000. Parallel Advisors LLC grew its stake in shares of ProShares UltraPro Short QQQ by 104.0% during the 1st quarter. Parallel Advisors LLC now owns 814 shares of the company’s stock worth $66,000 after acquiring an additional 415 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in shares of ProShares UltraPro Short QQQ in the first quarter valued at approximately $201,000. Finally, Hollencrest Capital Management raised its holdings in shares of ProShares UltraPro Short QQQ by 99.7% in the first quarter. Hollencrest Capital Management now owns 12,900 shares of the company’s stock valued at $1,038,000 after purchasing an additional 6,440 shares during 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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