ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Reaches New 52-Week Low – Here’s What Happened

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) reached a new 52-week low on Tuesday . The company traded as low as $36.15 and last traded at $36.31, with a volume of 58346662 shares. The stock had previously closed at $40.04.

ProShares UltraPro Short QQQ Stock Down 9.3%

The business has a fifty day moving average of $49.35 and a two-hundred day moving average of $62.92.

Hedge Funds Weigh In On ProShares UltraPro Short QQQ

A number of large investors have recently bought and sold shares of the business. Parallel Advisors LLC raised its holdings in 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 purchasing an additional 415 shares during the period. Larson Financial Group LLC acquired a new position in ProShares UltraPro Short QQQ in the 4th quarter worth about $29,000. Osaic Holdings Inc. raised its holdings in ProShares UltraPro Short QQQ by 47.2% in the 2nd quarter. Osaic Holdings Inc. now owns 2,170 shares of the company’s stock worth $42,000 after purchasing an additional 696 shares during the period. FNY Investment Advisers LLC raised its holdings in ProShares UltraPro Short QQQ by 25.7% in the 4th quarter. FNY Investment Advisers LLC now owns 5,278 shares of the company’s stock worth $361,000 after purchasing an additional 1,078 shares during the period. Finally, Sunbelt Securities Inc. acquired a new position in ProShares UltraPro Short QQQ in the 4th quarter worth about $137,000.

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.