ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 33,510,240 shares were traded during trading, a decline of 42% from the previous session’s volume of 58,077,613 shares.The stock last traded at $42.8210 and had previously closed at $42.67.
ProShares UltraPro Short QQQ Stock Performance
The company has a fifty day moving average of $52.60 and a two-hundred day moving average of $63.92.
Institutional Trading of ProShares UltraPro Short QQQ
Several hedge funds have recently added to or reduced their stakes in SQQQ. Larson Financial Group LLC acquired a new stake in ProShares UltraPro Short QQQ during the 4th quarter worth approximately $29,000. Parallel Advisors LLC lifted its holdings in ProShares UltraPro Short QQQ by 105.4% during the 3rd quarter. Parallel Advisors LLC now owns 1,992 shares of the company’s stock worth $30,000 after purchasing an additional 1,022 shares during the last quarter. Osaic Holdings Inc. lifted 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 worth $42,000 after purchasing an additional 696 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in ProShares UltraPro Short QQQ during the 3rd quarter worth approximately $63,000. Finally, Sunbelt Securities Inc. acquired a new stake in ProShares UltraPro Short QQQ during the 4th quarter worth approximately $137,000.
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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