ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get 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
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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