ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Sets New 52-Week High at $31.86

ProShares UltraPro Short QQQ (NASDAQ:SQQQ)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $31.86 and last traded at $31.54, with a volume of 743957 shares. The stock had previously closed at $31.70.

The company has a 50 day moving average of $34.07 and a 200 day moving average of $37.84.

A number of institutional investors have recently modified their holdings of SQQQ. Simplex Trading LLC acquired a new stake in ProShares UltraPro Short QQQ during the 2nd quarter worth $1,102,000. JPMorgan Chase & Co. raised its stake in ProShares UltraPro Short QQQ by 6.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 95,738 shares of the company’s stock worth $875,000 after buying an additional 6,035 shares during the period. SG Americas Securities LLC raised its stake in ProShares UltraPro Short QQQ by 19.6% during the 2nd quarter. SG Americas Securities LLC now owns 30,184 shares of the company’s stock worth $276,000 after buying an additional 4,944 shares during the period. Jump Financial LLC acquired a new stake in ProShares UltraPro Short QQQ during the 2nd quarter worth $4,973,000. Finally, Goldman Sachs Group Inc. bought a new position in ProShares UltraPro Short QQQ during the 2nd quarter worth about $205,000.

About ProShares UltraPro Short QQQ (NASDAQ:SQQQ)

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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