ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Down – Should You Sell?

Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) gapped down prior to trading on Monday . The stock had previously closed at $36.40, but opened at $34.75. ProShares UltraPro Short QQQ shares last traded at $34.41, with a volume of 11,397,083 shares trading hands.

ProShares UltraPro Short QQQ Trading Down 1.8 %

The business’s 50-day moving average price is $31.18 and its 200-day moving average price is $33.17.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SQQQ. Horizon Kinetics Asset Management LLC boosted its stake in shares of ProShares UltraPro Short QQQ by 6.2% during the third quarter. Horizon Kinetics Asset Management LLC now owns 65,719 shares of the company’s stock worth $486,000 after buying an additional 3,822 shares during the period. RBF Capital LLC raised its stake in ProShares UltraPro Short QQQ by 230.7% during the 3rd quarter. RBF Capital LLC now owns 1,671,427 shares of the company’s stock valued at $12,352,000 after acquiring an additional 1,166,014 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new position in shares of ProShares UltraPro Short QQQ in the 3rd quarter valued at approximately $1,848,000. Barclays PLC increased its holdings in shares of ProShares UltraPro Short QQQ by 157.8% in the third quarter. Barclays PLC now owns 203,395 shares of the company’s stock valued at $1,503,000 after purchasing an additional 124,500 shares during the period. Finally, World Investment Advisors LLC raised its stake in shares of ProShares UltraPro Short QQQ by 51.0% during the third quarter. World Investment Advisors LLC now owns 28,000 shares of the company’s stock worth $207,000 after purchasing an additional 9,463 shares during the last quarter.

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.