ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Rating)’s share price dropped 4.6% during mid-day trading on Wednesday . The company traded as low as $46.42 and last traded at $46.82. Approximately 6,305,204 shares changed hands during trading, a decline of 94% from the average daily volume of 107,836,055 shares. The stock had previously closed at $49.08.
ProShares UltraPro Short QQQ Trading Up 3.7 %
The business has a 50-day moving average price of $42.83 and a 200-day moving average price of $46.23.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the business. Northern Oak Wealth Management Inc. purchased a new position in shares of ProShares UltraPro Short QQQ during the first quarter valued at $28,000. Cypress Capital Management LLC WY purchased a new position in shares of ProShares UltraPro Short QQQ during the first quarter valued at $35,000. Ahrens Investment Partners LLC purchased a new position in shares of ProShares UltraPro Short QQQ during the second quarter valued at $71,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of ProShares UltraPro Short QQQ during the second quarter valued at $88,000. Finally, St. Johns Investment Management Company LLC purchased a new position in ProShares UltraPro Short QQQ in the second quarter valued at about $103,000.
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.
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