ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Trading Up 11%

ProShares UltraPro Short QQQ (NASDAQ:SQQQGet Rating) traded up 11% during trading on Thursday . The stock traded as high as $65.70 and last traded at $65.70. 2,486,488 shares traded hands during trading, a decline of 98% from the average session volume of 101,356,242 shares. The stock had previously closed at $59.17.

The stock has a fifty day moving average price of $48.82 and a two-hundred day moving average price of $41.89.

Several institutional investors have recently bought and sold shares of SQQQ. SCEP Management Ltd bought a new position in ProShares UltraPro Short QQQ in the 4th quarter worth $57,785,000. Prime Capital Investment Advisors LLC purchased a new stake in shares of ProShares UltraPro Short QQQ during the fourth quarter valued at $298,000. IMC Chicago LLC lifted its position in ProShares UltraPro Short QQQ by 1.0% during the fourth quarter. IMC Chicago LLC now owns 1,168,645 shares of the company’s stock valued at $6,942,000 after purchasing an additional 11,070 shares during the period. PVG Asset Management Corp purchased a new stake in shares of ProShares UltraPro Short QQQ during the fourth quarter worth about $267,000. Finally, Concorde Asset Management LLC purchased a new stake in ProShares UltraPro Short QQQ during the 4th quarter valued at about $67,000.

ProShares UltraPro Short QQQ Company Profile (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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