ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $43.19, but opened at $40.92. ProShares UltraPro Short QQQ shares last traded at $41.3920, with a volume of 23,482,853 shares trading hands.
ProShares UltraPro Short QQQ Stock Up 3.4%
The company has a fifty day simple moving average of $52.60 and a 200-day simple moving average of $63.92.
Hedge Funds Weigh In On ProShares UltraPro Short QQQ
Institutional investors have recently bought and sold shares of the company. Larson Financial Group LLC purchased a new position in ProShares UltraPro Short QQQ during the fourth quarter worth about $29,000. Parallel Advisors LLC grew its position in ProShares UltraPro Short QQQ by 105.4% in the third quarter. Parallel Advisors LLC now owns 1,992 shares of the company’s stock worth $30,000 after acquiring an additional 1,022 shares during the period. Osaic Holdings Inc. increased its stake in ProShares UltraPro Short QQQ by 47.2% during the second quarter. Osaic Holdings Inc. now owns 2,170 shares of the company’s stock worth $42,000 after acquiring an additional 696 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in ProShares UltraPro Short QQQ during the third quarter worth $63,000. Finally, Sunbelt Securities Inc. acquired a new stake in ProShares UltraPro Short QQQ during the fourth quarter worth $137,000.
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.
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