ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Up 3.5% – Time to Buy?

by · The Markets Daily

ProShares 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

(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.

See Also