ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Down to $66.09

ProShares UltraPro Short QQQ (NASDAQ:SQQQGet Rating) gapped down prior to trading on Friday . The stock had previously closed at $66.09, but opened at $64.06. ProShares UltraPro Short QQQ shares last traded at $63.64, with a volume of 1,081,485 shares changing hands.

The firm’s 50 day moving average is $49.43 and its 200-day moving average is $42.14.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. SCEP Management Ltd purchased a new position in shares of ProShares UltraPro Short QQQ during the fourth quarter valued at approximately $57,785,000. B. Riley Financial Inc. acquired a new position in ProShares UltraPro Short QQQ during the fourth quarter worth approximately $29,700,000. Citigroup Inc. acquired a new position in ProShares UltraPro Short QQQ during the first quarter worth approximately $126,044,000. IMC Chicago LLC increased its position in ProShares UltraPro Short QQQ by 1.0% during the fourth quarter. IMC Chicago LLC now owns 1,168,645 shares of the company’s stock worth $6,942,000 after purchasing an additional 11,070 shares during the last quarter. Finally, Prentice Capital Management LP acquired a new position in ProShares UltraPro Short QQQ during the first quarter worth approximately $10,101,000.

ProShares UltraPro Short QQQ Company Profile (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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