Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $40.04, but opened at $37.25. ProShares UltraPro Short QQQ shares last traded at $36.8560, with a volume of 15,744,873 shares trading hands.
ProShares UltraPro Short QQQ Stock Down 9.4%
The company’s 50 day moving average price is $50.17 and its 200-day moving average price is $63.17.
Institutional Trading of ProShares UltraPro Short QQQ
Several institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC grew its stake in shares of ProShares UltraPro Short QQQ by 104.0% in the 1st quarter. Parallel Advisors LLC now owns 814 shares of the company’s stock worth $66,000 after acquiring an additional 415 shares in the last quarter. Larson Financial Group LLC bought a new stake in shares of ProShares UltraPro Short QQQ in the 4th quarter worth $29,000. Osaic Holdings Inc. grew its stake in shares of ProShares UltraPro Short QQQ by 47.2% in the 2nd quarter. Osaic Holdings Inc. now owns 2,170 shares of the company’s stock worth $42,000 after acquiring an additional 696 shares in the last quarter. FNY Investment Advisers LLC grew its stake in shares of ProShares UltraPro Short QQQ by 25.7% in the 4th quarter. FNY Investment Advisers LLC now owns 5,278 shares of the company’s stock worth $361,000 after acquiring an additional 1,078 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in shares of ProShares UltraPro Short QQQ in the 4th 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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