ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Trading Up 0.4%

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Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) were up 0.4% during mid-day trading on Thursday . The stock traded as high as $36.90 and last traded at $36.87, approximately 767,745 shares were traded during mid-day trading. A decline of 93% from the average daily volume of 10,684,424 shares. The stock had previously closed at $36.73.

The stock’s 50 day moving average is $33.35 and its two-hundred day moving average is $21.25.

A hedge fund recently bought a new stake in ProShares UltraPro Short QQQ stock. Institutional & Family Asset Management LLC bought a new position in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,371 shares of the company’s stock, valued at approximately $83,000.

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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