ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report)’s stock price were down 5.9% during trading on Thursday . The stock traded as low as $37.09 and last traded at $37.1950. 22,363,671 shares were traded during trading, a decline of 62% from the average session volume of 59,358,406 shares. The stock had previously closed at $39.52.
ProShares UltraPro Short QQQ Price Performance
The company’s 50-day moving average is $46.41 and its two-hundred day moving average is $62.08.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC bought a new stake in ProShares UltraPro Short QQQ during the fourth quarter worth $29,000. Parallel Advisors LLC boosted its holdings in ProShares UltraPro Short QQQ by 105.4% during the 3rd quarter. Parallel Advisors LLC now owns 1,992 shares of the company’s stock worth $30,000 after acquiring an additional 1,022 shares during the last quarter. Osaic Holdings Inc. grew its stake in shares of 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 acquiring an additional 696 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of ProShares UltraPro Short QQQ in the 3rd quarter worth $63,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of ProShares UltraPro Short QQQ in the fourth quarter valued at about $137,000.
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.
Featured Articles
- Five stocks we like better than ProShares UltraPro Short QQQ
- Aehr Spikes on New Order, But Has Stock Gotten Ahead of Itself?
- Rackspace’s AI Land Grab: Plugging Into the Next Compute Boom
- Satellogic Is Tiny But Its Revenue Growth Is Hard to Ignore
- Why Kroger’s Pullback Could Be a Gift for Patient Investors
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.
