ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Up 3.5% – Time to Buy?
by Mitch Edgeman · The Markets DailyProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report)’s share price shot up 3.5% on Wednesday . The company traded as high as $7.32 and last traded at $7.32. 66,348,977 shares were traded during mid-day trading, a decline of 54% from the average session volume of 144,393,688 shares. The stock had previously closed at $7.07.
ProShares UltraPro Short QQQ Stock Down 1.8 %
The business’s fifty day simple moving average is $7.91 and its two-hundred day simple moving average is $9.00.
ProShares UltraPro Short QQQ Cuts Dividend
The business also recently declared a dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 25th were issued a $0.1495 dividend. The ex-dividend date of this dividend was Wednesday, September 25th.
Institutional Trading of ProShares UltraPro Short QQQ
A number of hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC lifted its holdings in shares of ProShares UltraPro Short QQQ by 378.6% during the 1st quarter. Jane Street Group LLC now owns 1,947,014 shares of the company’s stock worth $20,405,000 after acquiring an additional 1,540,169 shares during the period. IMC Chicago LLC lifted its holdings in shares of ProShares UltraPro Short QQQ by 113.4% during the 2nd quarter. IMC Chicago LLC now owns 2,755,806 shares of the company’s stock worth $22,818,000 after acquiring an additional 1,464,325 shares during the period. DRW Securities LLC bought a new position in shares of ProShares UltraPro Short QQQ during the 2nd quarter worth about $1,481,000. Raffles Associates LP lifted its holdings in shares of ProShares UltraPro Short QQQ by 250.0% during the 2nd quarter. Raffles Associates LP now owns 175,000 shares of the company’s stock worth $1,449,000 after acquiring an additional 125,000 shares during the period. Finally, Global Assets Advisory LLC acquired a new stake in shares of ProShares UltraPro Short QQQ during the 3rd quarter worth about $548,000.
About ProShares UltraPro Short QQQ
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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