ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) shares rose 4.3% on Monday . The company traded as high as $40.76 and last traded at $40.7140. 11,256,314 shares changed hands during trading, a decline of 81% from the average daily volume of 58,359,488 shares. The stock had previously closed at $39.02.
ProShares UltraPro Short QQQ Trading Down 1.8%
The company’s 50-day simple moving average is $39.82 and its 200-day simple moving average is $53.02.
Institutional Investors Weigh In On ProShares UltraPro Short QQQ
Institutional investors and hedge funds have recently modified their holdings of the company. Larson Financial Group LLC acquired a new stake in ProShares UltraPro Short QQQ during the 4th quarter valued at $29,000. Parallel Advisors LLC boosted its stake in shares of ProShares UltraPro Short QQQ by 105.4% in the third quarter. Parallel Advisors LLC now owns 1,992 shares of the company’s stock valued at $30,000 after buying an additional 1,022 shares during the period. Osaic Holdings Inc. boosted its stake in shares of ProShares UltraPro Short QQQ by 47.2% in the second quarter. Osaic Holdings Inc. now owns 2,170 shares of the company’s stock valued at $42,000 after buying an additional 696 shares during the period. PayPay Securities Corp grew its position in ProShares UltraPro Short QQQ by 131.4% during the second quarter. PayPay Securities Corp now owns 2,265 shares of the company’s stock worth $82,000 after buying an additional 1,286 shares in the last quarter. Finally, Ramsey Quantitative Systems acquired a new stake in ProShares UltraPro Short QQQ during the second quarter worth approximately $102,000.
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.
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