ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) was the target of unusually large options trading activity on Friday. Stock traders acquired 421,266 call options on the stock. This represents an increase of 82% compared to the typical daily volume of 231,940 call options.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC grew its holdings in shares of ProShares UltraPro Short QQQ by 369.2% in the fourth quarter. Larson Financial Group LLC now owns 2,116 shares of the company’s stock valued at $28,000 after purchasing an additional 1,665 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of ProShares UltraPro Short QQQ by 140.8% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,201 shares of the company’s stock valued at $30,000 after acquiring an additional 1,287 shares during the last quarter. Game Plan Financial Advisors LLC grew its position in ProShares UltraPro Short QQQ by 450.5% in the first quarter. Game Plan Financial Advisors LLC now owns 3,055 shares of the company’s stock worth $32,000 after acquiring an additional 2,500 shares in the last quarter. Spire Wealth Management increased its stake in ProShares UltraPro Short QQQ by 86.7% during the third quarter. Spire Wealth Management now owns 1,867 shares of the company’s stock worth $38,000 after acquiring an additional 867 shares during the last quarter. Finally, Peoples Bank KS purchased a new stake in ProShares UltraPro Short QQQ during the fourth quarter valued at approximately $54,000.
ProShares UltraPro Short QQQ Trading Down 5.9 %
NASDAQ SQQQ opened at $11.08 on Friday. The business’s fifty day moving average is $11.08 and its 200 day moving average is $13.62. ProShares UltraPro Short QQQ has a fifty-two week low of $10.05 and a fifty-two week high of $31.09.
ProShares UltraPro Short QQQ Dividend Announcement
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.
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