ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as $34.31 and last traded at $34.60, with a volume of 59998705 shares. The stock had previously closed at $37.87.
ProShares UltraPro Short QQQ Trading Up 1.1%
The company’s 50-day simple moving average is $39.58 and its two-hundred day simple moving average is $48.18.
Institutional Trading of ProShares UltraPro Short QQQ
A number of institutional investors have recently modified their holdings of SQQQ. Parallel Advisors LLC lifted its stake in ProShares UltraPro Short QQQ by 104.0% in the first quarter. Parallel Advisors LLC now owns 814 shares of the company’s stock worth $66,000 after acquiring an additional 415 shares during the period. Larson Financial Group LLC purchased a new position in ProShares UltraPro Short QQQ during the 4th quarter valued at $29,000. Beacon Investment Advisory Services Inc. purchased a new position in ProShares UltraPro Short QQQ during the 2nd quarter valued at $46,000. PayPay Securities Corp raised its holdings in ProShares UltraPro Short QQQ by 131.4% in the 2nd quarter. PayPay Securities Corp now owns 2,265 shares of the company’s stock worth $82,000 after purchasing an additional 1,286 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in shares of ProShares UltraPro Short QQQ in the 1st quarter worth about $201,000.
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.
See Also
- Five stocks we like better than ProShares UltraPro Short QQQ
- Chips to Bots: Qualcomm’s Agentic AI Breakout
- Ciena Fell 40%—Now One Analyst Sees 50% Upside
- Energy Transfer Taps the AI Power Boom
- Viking’s Obesity Edge May Be Staying Power, Not Weight Loss
Receive News & Ratings for ProShares UltraPro Short QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraPro Short QQQ and related companies with MarketBeat.com's FREE daily email newsletter.
