ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Down – Here’s What Happened

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) gapped down prior to trading on Monday . The stock had previously closed at $36.40, but opened at $34.75. ProShares UltraPro Short QQQ shares last traded at $34.41, with a volume of 11,397,083 shares traded.

ProShares UltraPro Short QQQ Stock Down 6.1 %

The firm’s 50-day simple moving average is $31.12 and its 200 day simple moving average is $33.35.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SQQQ. Peoples Bank KS bought a new position in ProShares UltraPro Short QQQ in the 4th quarter worth about $62,000. Centerpoint Advisors LLC grew its position in ProShares UltraPro Short QQQ by 20.0% in the 4th quarter. Centerpoint Advisors LLC now owns 6,000 shares of the company’s stock worth $187,000 after purchasing an additional 1,000 shares during the last quarter. World Investment Advisors LLC grew its position in ProShares UltraPro Short QQQ by 51.0% in the 3rd quarter. World Investment Advisors LLC now owns 28,000 shares of the company’s stock worth $207,000 after purchasing an additional 9,463 shares during the last quarter. Foundations Investment Advisors LLC acquired a new stake in shares of ProShares UltraPro Short QQQ in the 4th quarter worth approximately $360,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of ProShares UltraPro Short QQQ in the 4th quarter worth approximately $423,000.

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.