Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $41.07, but opened at $42.77. ProShares UltraPro Short QQQ shares last traded at $43.1710, with a volume of 21,298,114 shares.
ProShares UltraPro Short QQQ Stock Up 3.6%
The stock has a 50 day simple moving average of $65.11 and a 200-day simple moving average of $67.56.
Hedge Funds Weigh In On ProShares UltraPro Short QQQ
Institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC purchased a new position in ProShares UltraPro Short QQQ during the 4th quarter valued at approximately $29,000. Parallel Advisors LLC grew its holdings in ProShares UltraPro Short QQQ by 104.0% during the 1st quarter. Parallel Advisors LLC now owns 814 shares of the company’s stock valued at $66,000 after buying an additional 415 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in ProShares UltraPro Short QQQ during the 4th quarter valued at approximately $137,000. Osaic Holdings Inc. grew its holdings in ProShares UltraPro Short QQQ by 47.2% during the 2nd quarter. Osaic Holdings Inc. now owns 2,170 shares of the company’s stock valued at $42,000 after buying an additional 696 shares in the last quarter. Finally, J. Safra Sarasin Holding AG purchased a new position in ProShares UltraPro Short QQQ during the 1st quarter valued at approximately $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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