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

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

The business has a fifty day moving average price of $48.82 and a 200 day moving average price of $41.89.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Morgan Stanley raised its position in ProShares UltraPro Short QQQ by 736.5% during the second quarter. Morgan Stanley now owns 284,546 shares of the company’s stock valued at $2,600,000 after purchasing an additional 250,531 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of ProShares UltraPro Short QQQ by 302.7% during the 2nd quarter. Royal Bank of Canada now owns 18,800 shares of the company’s stock valued at $172,000 after purchasing an additional 14,131 shares during the last quarter. Advisor Group Holdings Inc. raised its position in shares of ProShares UltraPro Short QQQ by 3,225.2% during the 3rd quarter. Advisor Group Holdings Inc. now owns 6,983 shares of the company’s stock valued at $61,000 after buying an additional 6,773 shares in the last quarter. Goldman Sachs Group Inc. raised its position in ProShares UltraPro Short QQQ by 245.6% in the 3rd quarter. Goldman Sachs Group Inc. now owns 77,558 shares of the company’s stock worth $669,000 after purchasing an additional 55,114 shares during the period. Finally, UBS Group AG grew its stake in ProShares UltraPro Short QQQ by 164.5% in the 3rd quarter. UBS Group AG now owns 28,370 shares of the company’s stock worth $245,000 after acquiring an additional 17,643 shares in the last quarter.

About ProShares UltraPro Short QQQ (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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