ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $36.93, but opened at $40.26. ProShares UltraPro Short QQQ shares last traded at $39.4090, with a volume of 23,333,001 shares traded.
ProShares UltraPro Short QQQ Price Performance
The stock has a 50-day moving average of $44.75 and a 200-day moving average of $61.44.
Institutional Trading of ProShares UltraPro Short QQQ
Institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. bought a new stake in shares of ProShares UltraPro Short QQQ during the 1st quarter valued at about $7,668,000. JPMorgan Chase & Co. bought a new position in shares of ProShares UltraPro Short QQQ in the second quarter worth approximately $400,000. Cresset Asset Management LLC bought a new position in shares of ProShares UltraPro Short QQQ in the second quarter worth approximately $198,000. Jump Financial LLC purchased a new stake in ProShares UltraPro Short QQQ in the second quarter valued at approximately $2,794,000. Finally, Qube Research & Technologies Ltd lifted its position in ProShares UltraPro Short QQQ by 2,856.6% during the second quarter. Qube Research & Technologies Ltd now owns 10,969 shares of the company’s stock valued at $215,000 after purchasing an additional 10,598 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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