ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) saw unusually-high trading volume on Monday . 82,204,595 shares traded hands during trading, an increase of 39% from the previous session’s volume of 58,997,938 shares.The stock last traded at $42.9270 and had previously closed at $43.73.
ProShares UltraPro Short QQQ Stock Performance
The firm’s 50-day simple moving average is $40.30 and its 200 day simple moving average is $56.39.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. acquired a new stake in shares of ProShares UltraPro Short QQQ during the 1st quarter valued at approximately $7,668,000. JPMorgan Chase & Co. purchased a new position in ProShares UltraPro Short QQQ during the 2nd quarter valued at about $400,000. Cresset Asset Management LLC purchased a new position in shares of ProShares UltraPro Short QQQ during the 2nd quarter worth approximately $198,000. Jump Financial LLC acquired a new position in shares of ProShares UltraPro Short QQQ during the 2nd quarter worth approximately $2,794,000. Finally, Qube Research & Technologies Ltd raised its position in shares of ProShares UltraPro Short QQQ by 2,856.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 10,969 shares of the company’s stock worth $215,000 after purchasing an additional 10,598 shares during 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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