ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) saw unusually-high trading volume on Monday . 82,204,595 shares were traded during trading, an increase of 39% from the previous session’s volume of 58,997,938 shares.The stock last traded at $42.9270 and had previously closed at $43.73.
ProShares UltraPro Short QQQ Price Performance
The stock has a fifty day moving average price of $40.30 and a two-hundred day moving average price of $56.39.
Institutional Investors Weigh In On ProShares UltraPro Short QQQ
Several hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. purchased a new position in ProShares UltraPro Short QQQ during the first quarter worth approximately $7,668,000. JPMorgan Chase & Co. purchased a new stake in shares of ProShares UltraPro Short QQQ during the 2nd quarter worth about $400,000. Cresset Asset Management LLC acquired a new stake in ProShares UltraPro Short QQQ during the 2nd quarter worth approximately $198,000. Jump Financial LLC purchased a new position in ProShares UltraPro Short QQQ in the second quarter valued at approximately $2,794,000. Finally, Qube Research & Technologies Ltd grew its stake in ProShares UltraPro Short QQQ by 2,856.6% during the second quarter. Qube Research & Technologies Ltd now owns 10,969 shares of the company’s stock worth $215,000 after buying an additional 10,598 shares during the period.
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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