ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Trading 3% Higher – Should You Buy?

ProShares UltraPro Short QQQ (NASDAQ:SQQQGet Free Report)’s share price shot up 3% during trading on Wednesday . The stock traded as high as $34.30 and last traded at $34.53. 36,214,682 shares were traded during mid-day trading, a decline of 10% from the average session volume of 40,064,110 shares. The stock had previously closed at $33.52.

ProShares UltraPro Short QQQ Trading Up 4.1 %

The company has a 50-day moving average of $31.18 and a 200-day moving average of $33.17.

Institutional Trading of ProShares UltraPro Short QQQ

Several institutional investors have recently made changes to their positions in the company. Peoples Bank KS purchased a new position in ProShares UltraPro Short QQQ during the fourth quarter worth about $62,000. Centerpoint Advisors LLC grew its stake 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 valued at $187,000 after purchasing an additional 1,000 shares during the period. World Investment Advisors LLC increased its position in shares of ProShares UltraPro Short QQQ by 51.0% during the 3rd quarter. World Investment Advisors LLC now owns 28,000 shares of the company’s stock valued at $207,000 after purchasing an additional 9,463 shares during the last quarter. Foundations Investment Advisors LLC bought a new stake in shares of ProShares UltraPro Short QQQ during the 4th quarter worth $360,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of ProShares UltraPro Short QQQ in the 4th quarter worth about $423,000.

ProShares UltraPro Short QQQ Company Profile

(Get Free Report)

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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