ProShares UltraPro Short QQQ Target of Unusually Large Options Trading (NASDAQ:SQQQ)

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) saw unusually large options trading on Friday. Stock investors acquired 129,658 call options on the stock. This is an increase of 83% compared to the typical daily volume of 71,044 call options.

ProShares UltraPro Short QQQ Trading Up 10.1%

Shares of NASDAQ SQQQ traded up $3.82 during trading on Friday, reaching $41.58. The company had a trading volume of 65,904,211 shares, compared to its average volume of 56,739,598. ProShares UltraPro Short QQQ has a 12-month low of $36.55 and a 12-month high of $115.80. The business’s 50-day moving average is $54.99 and its 200 day moving average is $64.62.

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

Several institutional investors have recently modified their holdings of SQQQ. Larson Financial Group LLC bought a new position in ProShares UltraPro Short QQQ in the fourth quarter valued at about $29,000. Parallel Advisors LLC lifted its holdings 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 period. Sunbelt Securities Inc. bought a new position in ProShares UltraPro Short QQQ in the fourth quarter valued at about $137,000. Osaic Holdings Inc. lifted its holdings in ProShares UltraPro Short QQQ by 47.2% in the second quarter. Osaic Holdings Inc. now owns 2,170 shares of the company’s stock valued at $42,000 after acquiring an additional 696 shares during the period. Finally, Quantinno Capital Management LP bought a new position in ProShares UltraPro Short QQQ in the first quarter valued at about $201,000.

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.