ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Down to $8.15

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) shares gapped down before the market opened on Tuesday . The stock had previously closed at $8.15, but opened at $7.96. ProShares UltraPro Short QQQ shares last traded at $7.98, with a volume of 678,323 shares changing hands.

The company’s fifty day simple moving average is $7.98 and its 200-day simple moving average is $10.20.

Several large investors have recently bought and sold shares of the company. Bourgeon Capital Management LLC lifted its stake in shares of ProShares UltraPro Short QQQ by 8.0% in the second quarter. Bourgeon Capital Management LLC now owns 20,250 shares of the company’s stock worth $185,000 after buying an additional 1,500 shares in the last quarter. Sargent Bickham Lagudis LLC increased its position in shares of ProShares UltraPro Short QQQ by 20.7% during the second quarter. Sargent Bickham Lagudis LLC now owns 17,500 shares of the company’s stock valued at $160,000 after acquiring an additional 3,000 shares during the last quarter. Nvwm LLC acquired a new stake in shares of ProShares UltraPro Short QQQ during the first quarter valued at about $46,000. JTC Employer Solutions Trusteee Ltd acquired a new stake in shares of ProShares UltraPro Short QQQ during the second quarter valued at about $43,000. Finally, SG Americas Securities LLC increased its position in shares of ProShares UltraPro Short QQQ by 19.6% during the second quarter. SG Americas Securities LLC now owns 30,184 shares of the company’s stock valued at $276,000 after acquiring an additional 4,944 shares during the last quarter.

About ProShares UltraPro Short QQQ (NASDAQ:SQQQ)

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.

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