Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) traded up 4.6% on Friday. The company traded as high as $42.15 and last traded at $42.7930. 12,788,220 shares changed hands during trading, a decline of 77% from the average session volume of 55,890,848 shares. The stock had previously closed at $40.93.
ProShares UltraPro Short QQQ Trading Up 5.9%
The business’s fifty day simple moving average is $37.75 and its two-hundred day simple moving average is $49.22.
Institutional Investors Weigh In On ProShares UltraPro Short QQQ
Several hedge funds and other institutional investors have recently bought and sold shares of SQQQ. Parallel Advisors LLC lifted its position in ProShares UltraPro Short QQQ by 104.0% in the first quarter. Parallel Advisors LLC now owns 814 shares of the company’s stock valued at $66,000 after acquiring an additional 415 shares during the last quarter. Beacon Investment Advisory Services Inc. acquired a new position in ProShares UltraPro Short QQQ in the second quarter valued at $46,000. PayPay Securities Corp boosted its stake in ProShares UltraPro Short QQQ by 131.4% in the second quarter. PayPay Securities Corp now owns 2,265 shares of the company’s stock valued at $82,000 after acquiring an additional 1,286 shares in the last quarter. Quantinno Capital Management LP acquired a new position in ProShares UltraPro Short QQQ in the first quarter valued at $201,000. Finally, J. Safra Sarasin Holding AG purchased a new position in shares of ProShares UltraPro Short QQQ during the first quarter worth about $217,000.
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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