ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) shares rose 4.3% on Monday . The stock traded as high as $40.76 and last traded at $40.7140. 11,256,314 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 58,359,488 shares. The stock had previously closed at $39.02.
ProShares UltraPro Short QQQ Price Performance
The firm’s 50 day moving average price is $39.72 and its 200-day moving average price is $53.45.
Institutional Trading of ProShares UltraPro Short QQQ
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC raised its stake in shares of 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 last quarter. Larson Financial Group LLC bought a new stake in ProShares UltraPro Short QQQ during the 4th quarter worth approximately $29,000. Osaic Holdings Inc. increased its holdings in ProShares UltraPro Short QQQ by 47.2% during the 2nd quarter. Osaic Holdings Inc. now owns 2,170 shares of the company’s stock valued at $42,000 after purchasing an additional 696 shares in the last quarter. PayPay Securities Corp increased its holdings in ProShares UltraPro Short QQQ by 131.4% during the 2nd quarter. PayPay Securities Corp now owns 2,265 shares of the company’s stock valued at $82,000 after purchasing an additional 1,286 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in shares of 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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