ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report)’s stock price reached a new 52-week low on Thursday . The company traded as low as $38.86 and last traded at $39.44, with a volume of 62712065 shares traded. The stock had previously closed at $39.28.
ProShares UltraPro Short QQQ Price Performance
The stock has a 50-day moving average of $59.68 and a two-hundred day moving average of $65.99.
Hedge Funds Weigh In On ProShares UltraPro Short QQQ
Large investors have recently bought and sold shares of the stock. Larson Financial Group LLC purchased a new position in ProShares UltraPro Short QQQ in the 4th quarter worth approximately $29,000. Parallel Advisors LLC increased its stake in ProShares UltraPro Short QQQ by 105.4% in the 3rd quarter. Parallel Advisors LLC now owns 1,992 shares of the company’s stock worth $30,000 after purchasing an additional 1,022 shares during the period. Osaic Holdings Inc. increased its stake in ProShares UltraPro Short QQQ by 47.2% in the 2nd quarter. Osaic Holdings Inc. now owns 2,170 shares of the company’s stock worth $42,000 after purchasing an additional 696 shares during the period. FNY Investment Advisers LLC purchased a new position in ProShares UltraPro Short QQQ in the 3rd quarter worth approximately $63,000. Finally, Sunbelt Securities Inc. purchased a new position in ProShares UltraPro Short QQQ in the 4th quarter worth approximately $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.
Further Reading
- Five stocks we like better than ProShares UltraPro Short QQQ
- Abercrombie Rallies as Strong Q1 Earnings Extend Winning Streak
- TeraWulf Bets on Power Infrastructure to Lead AI Build-Out
- Amazon’s Alexa for Shopping Strengthens an Already Strong Bull Case
- Keysight: The AI and Defense Stock Seeing Big Price Target Boosts
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.
