ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Rating) shares rose 11% during mid-day trading on Thursday . The stock traded as high as $65.70 and last traded at $65.70. Approximately 2,486,488 shares traded hands 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 firm’s fifty day moving average price is $48.82 and its 200-day moving average price is $41.89.
A number of large investors have recently added to or reduced their stakes in the business. Northern Oak Wealth Management Inc. acquired a new position in shares of ProShares UltraPro Short QQQ in the first quarter valued at $28,000. Cypress Capital Management LLC WY acquired a new stake in shares of ProShares UltraPro Short QQQ during the first quarter worth about $35,000. Fortitude Advisory Group L.L.C. acquired a new stake in shares of ProShares UltraPro Short QQQ during the first quarter worth about $163,000. Sargent Bickham Lagudis LLC acquired a new stake in ProShares UltraPro Short QQQ in the 1st quarter valued at approximately $185,000. Finally, Dynamic Advisor Solutions LLC acquired a new stake in ProShares UltraPro Short QQQ in the 1st quarter valued at approximately $205,000.
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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