ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report)’s share price gapped down before the market opened 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.
ProShares UltraPro Short QQQ Price Performance
The company’s 50-day simple moving average is $40.23 and its 200 day simple moving average is $54.56.
Institutional Trading of ProShares UltraPro Short QQQ
Several hedge funds have recently modified their holdings of SQQQ. IMC Chicago LLC boosted its holdings in ProShares UltraPro Short QQQ by 267.3% in the first quarter. IMC Chicago LLC now owns 809,094 shares of the company’s stock valued at $65,124,000 after purchasing an additional 588,799 shares during the period. Jump Financial LLC increased its holdings in ProShares UltraPro Short QQQ by 291.5% during the 3rd quarter. Jump Financial LLC now owns 558,887 shares of the company’s stock worth $8,512,000 after purchasing an additional 416,119 shares during the period. Trivest Advisors Ltd purchased a new stake in ProShares UltraPro Short QQQ during the 2nd quarter worth about $14,194,000. Squarepoint Ops LLC acquired a new stake in ProShares UltraPro Short QQQ in the 2nd quarter valued at about $6,504,000. Finally, Goldman Sachs Group Inc. acquired a new stake in ProShares UltraPro Short QQQ in the 1st quarter valued at about $7,668,000.
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.
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