Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) gapped up prior to trading on Friday. The stock had previously closed at $37.83, but opened at $40.78. ProShares UltraPro Short QQQ shares last traded at $40.7870, with a volume of 12,970,178 shares trading hands.
ProShares UltraPro Short QQQ Price Performance
The firm’s 50 day simple moving average is $36.89 and its 200-day simple moving average is $50.37.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the business. Parallel Advisors LLC grew its holdings in shares of ProShares UltraPro Short QQQ by 104.0% in the 1st quarter. Parallel Advisors LLC now owns 814 shares of the company’s stock worth $66,000 after acquiring an additional 415 shares during the period. Beacon Investment Advisory Services Inc. purchased a new position in ProShares UltraPro Short QQQ during the second quarter worth about $46,000. PayPay Securities Corp boosted its holdings in shares of ProShares UltraPro Short QQQ by 131.4% in the 2nd quarter. PayPay Securities Corp now owns 2,265 shares of the company’s stock valued at $82,000 after purchasing an additional 1,286 shares during the last quarter. Quantinno Capital Management LP purchased a new stake in shares of ProShares UltraPro Short QQQ during the 1st quarter worth about $201,000. Finally, J. Safra Sarasin Holding AG purchased a new stake in shares of ProShares UltraPro Short QQQ in the first quarter worth about $217,000.
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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