ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $38.14, but opened at $36.79. ProShares UltraPro Short QQQ shares last traded at $37.1430, with a volume of 13,199,356 shares traded.
ProShares UltraPro Short QQQ Stock Performance
The company has a 50-day moving average of $40.26 and a 200-day moving average of $54.98.
Hedge Funds Weigh In On ProShares UltraPro Short QQQ
Several hedge funds have recently modified their holdings of SQQQ. Larson Financial Group LLC acquired a new stake 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% during the 3rd quarter. Parallel Advisors LLC now owns 1,992 shares of the company’s stock valued at $30,000 after purchasing an additional 1,022 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of ProShares UltraPro Short QQQ by 47.2% in the second quarter. Osaic Holdings Inc. now owns 2,170 shares of the company’s stock worth $42,000 after buying an additional 696 shares during the last quarter. Ramsey Quantitative Systems acquired a new stake in shares of ProShares UltraPro Short QQQ during the second quarter worth $102,000. Finally, Eastern Bank acquired a new stake in shares of ProShares UltraPro Short QQQ during the second quarter worth $129,000.
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.
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