ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) shares reached a new 52-week low on Wednesday . The stock traded as low as $48.30 and last traded at $48.59, with a volume of 41543287 shares trading hands. The stock had previously closed at $50.51.
ProShares UltraPro Short QQQ Price Performance
The firm has a 50-day moving average price of $68.97 and a two-hundred day moving average price of $69.02.
Institutional Investors Weigh In On ProShares UltraPro Short QQQ
Several hedge funds have recently modified their holdings of SQQQ. Goldman Sachs Group Inc. bought a new stake in shares of ProShares UltraPro Short QQQ in the first quarter valued at approximately $7,668,000. JPMorgan Chase & Co. bought a new stake in shares of ProShares UltraPro Short QQQ in the second quarter valued at approximately $400,000. Cresset Asset Management LLC bought a new stake in shares of ProShares UltraPro Short QQQ in the second quarter valued at approximately $198,000. Jump Financial LLC bought a new stake in shares of ProShares UltraPro Short QQQ in the second quarter valued at approximately $2,794,000. Finally, Qube Research & Technologies Ltd boosted its position in shares of ProShares UltraPro Short QQQ by 2,856.6% in the second quarter. Qube Research & Technologies Ltd now owns 10,969 shares of the company’s stock valued at $215,000 after acquiring an additional 10,598 shares during the period.
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.
Recommended Stories
Receive News & Ratings for ProShares UltraPro Short QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraPro Short QQQ and related companies with MarketBeat.com's FREE daily email newsletter.
