Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $38.64, but opened at $40.08. ProShares UltraPro Short QQQ shares last traded at $39.9430, with a volume of 12,589,883 shares trading hands.
ProShares UltraPro Short QQQ Stock Performance
The business’s 50 day simple moving average is $39.85 and its 200 day simple moving average is $50.48.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Trivest Advisors Ltd acquired a new position in ProShares UltraPro Short QQQ in the second quarter valued at $14,194,000. IMC Chicago LLC lifted its position in shares of ProShares UltraPro Short QQQ by 267.3% during the first quarter. IMC Chicago LLC now owns 809,094 shares of the company’s stock worth $65,124,000 after purchasing an additional 588,799 shares in the last quarter. Hamilton Wealth LLC grew its stake in shares of ProShares UltraPro Short QQQ by 1,087.5% during the fourth quarter. Hamilton Wealth LLC now owns 118,754 shares of the company’s stock valued at $8,135,000 after acquiring an additional 108,754 shares in the last quarter. Capstone Capital Management Ltd acquired a new stake in ProShares UltraPro Short QQQ during the 4th quarter valued at approximately $1,172,000. Finally, Nwam LLC bought a new stake in shares of ProShares UltraPro Short QQQ in the first quarter worth $1,460,000.
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.
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