ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Stock Price Up 4.3% – Here’s What Happened

ProShares UltraPro Short QQQ (NASDAQ:SQQQ)’s stock price were up 4.3% during trading on Monday . The company traded as high as $40.76 and last traded at $40.7140. 11,256,314 shares were traded during trading, a decline of 81% from the average daily volume of 58,359,488 shares. The stock had previously closed at $39.02.

ProShares UltraPro Short QQQ Price Performance

The firm’s 50-day simple moving average is $39.72 and its two-hundred day simple moving average is $53.45.

Institutional Trading of ProShares UltraPro Short QQQ

A number of hedge funds and other institutional investors have recently modified their holdings of SQQQ. Larson Financial Group LLC acquired a new position in ProShares UltraPro Short QQQ during the 4th quarter worth $29,000. Parallel Advisors LLC boosted its position in ProShares UltraPro Short QQQ by 105.4% in the 3rd quarter. Parallel Advisors LLC now owns 1,992 shares of the company’s stock valued at $30,000 after buying an additional 1,022 shares during the last quarter. Osaic Holdings Inc. increased 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 valued at $42,000 after buying an additional 696 shares during the period. PayPay Securities Corp increased its stake 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 buying an additional 1,286 shares during the period. Finally, Ramsey Quantitative Systems bought a new stake in shares of ProShares UltraPro Short QQQ during the second quarter worth $102,000.

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.