ProShares UltraPro Short QQQ Target of Unusually Large Options Trading (NASDAQ:SQQQ)

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) was the recipient of unusually large options trading on Friday. Traders bought 129,658 call options on the stock. This is an increase of approximately 83% compared to the typical daily volume of 71,044 call options.

ProShares UltraPro Short QQQ Stock Up 10.1%

Shares of NASDAQ SQQQ traded up $3.82 during trading on Friday, hitting $41.58. The company had a trading volume of 65,904,211 shares, compared to its average volume of 56,739,598. The stock has a 50 day simple moving average of $54.99 and a 200 day simple moving average of $64.62. ProShares UltraPro Short QQQ has a 12 month low of $36.55 and a 12 month high of $115.80.

Institutional Trading of ProShares UltraPro Short QQQ

Several institutional investors have recently made changes to their positions in the business. Quadrature Capital Ltd purchased a new stake in shares of ProShares UltraPro Short QQQ during the third quarter worth about $33,368,000. IMC Chicago LLC grew its position in shares of ProShares UltraPro Short QQQ by 267.3% during the first quarter. IMC Chicago LLC now owns 809,094 shares of the company’s stock worth $65,124,000 after purchasing an additional 588,799 shares in the last quarter. Citigroup Inc. grew its position in shares of ProShares UltraPro Short QQQ by 17.5% during the third quarter. Citigroup Inc. now owns 714,260 shares of the company’s stock worth $10,878,000 after purchasing an additional 106,243 shares in the last quarter. Flow Traders U.S. LLC grew its position in shares of ProShares UltraPro Short QQQ by 168.5% during the third quarter. Flow Traders U.S. LLC now owns 672,442 shares of the company’s stock worth $10,241,000 after purchasing an additional 421,972 shares in the last quarter. Finally, Smithfield Trust Co grew its position in shares of ProShares UltraPro Short QQQ by 330.6% during the third quarter. Smithfield Trust Co now owns 559,600 shares of the company’s stock worth $8,523,000 after purchasing an additional 429,640 shares in 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.