Shares of ProShares UltraPro Short QQQ (NYSEARCA:SQQQ – Get Rating) gapped up prior to trading on Wednesday . The stock had previously closed at $37.46, but opened at $38.47. ProShares UltraPro Short QQQ shares last traded at $38.38, with a volume of 39,361,124 shares traded.
ProShares UltraPro Short QQQ Stock Down 7.9 %
The stock’s 50-day moving average price is $39.90 and its 200 day moving average price is $47.11.
ProShares UltraPro Short QQQ Company Profile
The ProShares UltraPro Short QQQ (SQQQ) is an exchange-traded fund that is based on the NASDAQ-100 index. The fund provides (-3x) inverse exposure to a modified market-cap-weighted index of 100 of the largest non-financial firms listed on the NASDAQ. SQQQ was launched on Feb 9, 2010 and is managed by ProShares.
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