ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) gapped down prior to trading on Wednesday. The stock had previously closed at $43.56, but opened at $41.13. ProShares UltraPro Short QQQ shares last traded at $41.2360, with a volume of 12,545,000 shares traded.
ProShares UltraPro Short QQQ Stock Up 0.9%
The business has a 50 day simple moving average of $37.75 and a 200-day simple moving average of $49.22.
Institutional Trading of ProShares UltraPro Short QQQ
A number of large investors have recently modified their holdings of SQQQ. IMC Chicago LLC lifted its position in ProShares UltraPro Short QQQ by 267.3% in the 1st quarter. IMC Chicago LLC now owns 809,094 shares of the company’s stock valued at $65,124,000 after purchasing an additional 588,799 shares during the last quarter. Trivest Advisors Ltd bought a new position in ProShares UltraPro Short QQQ in the 2nd quarter worth about $14,194,000. Nwam LLC acquired a new stake in shares of ProShares UltraPro Short QQQ in the first quarter valued at approximately $1,460,000. Corient Private Wealth LP increased its stake in shares of ProShares UltraPro Short QQQ by 283.4% in the second quarter. Corient Private Wealth LP now owns 12,253 shares of the company’s stock valued at $445,000 after purchasing an additional 9,057 shares during the period. Finally, Tidal Investments LLC increased its stake in shares of ProShares UltraPro Short QQQ by 119.8% in the second quarter. Tidal Investments LLC now owns 12,500 shares of the company’s stock valued at $463,000 after purchasing an additional 6,813 shares during the period.
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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