ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) shares gapped up prior to trading on Wednesday. The stock had previously closed at $31.83, but opened at $32.58. ProShares UltraPro Short QQQ shares last traded at $32.5150, with a volume of 16,083,130 shares changing hands.
ProShares UltraPro Short QQQ Stock Performance
The company’s 50 day simple moving average is $37.90 and its two-hundred day simple moving average is $45.70.
Institutional Investors Weigh In On ProShares UltraPro Short QQQ
Institutional investors have recently modified their holdings of the company. Trivest Advisors Ltd acquired a new position in ProShares UltraPro Short QQQ in the 2nd quarter valued at about $14,194,000. IMC Chicago LLC boosted its stake in shares of ProShares UltraPro Short QQQ by 267.3% in the first 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 period. Hamilton Wealth LLC grew its holdings in shares of ProShares UltraPro Short QQQ by 1,087.5% in the fourth quarter. Hamilton Wealth LLC now owns 118,754 shares of the company’s stock valued at $8,135,000 after purchasing an additional 108,754 shares in the last quarter. Nwam LLC acquired a new stake in ProShares UltraPro Short QQQ during the 1st quarter worth approximately $1,460,000. Finally, PayPay Securities Corp grew its stake in shares of ProShares UltraPro Short QQQ by 131.4% in the second quarter. PayPay Securities Corp now owns 2,265 shares of the company’s stock worth $82,000 after acquiring an additional 1,286 shares in the last quarter.
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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