ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Down to $39.44

ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Rating) shares gapped down before the market opened on Thursday . The stock had previously closed at $39.44, but opened at $38.09. ProShares UltraPro Short QQQ shares last traded at $37.71, with a volume of 697,350 shares traded.

The stock’s fifty day simple moving average is $40.13 and its two-hundred day simple moving average is $37.44.

Several large investors have recently bought and sold shares of the company. Financial Advocates Investment Management boosted its stake in shares of ProShares UltraPro Short QQQ by 16.8% in the 3rd quarter. Financial Advocates Investment Management now owns 12,913 shares of the company’s stock valued at $111,000 after purchasing an additional 1,853 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of ProShares UltraPro Short QQQ by 20.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 12,020 shares of the company’s stock valued at $103,000 after purchasing an additional 2,020 shares during the last quarter. Bourgeon Capital Management LLC boosted its stake in shares of ProShares UltraPro Short QQQ by 14.8% in the 3rd quarter. Bourgeon Capital Management LLC now owns 23,250 shares of the company’s stock valued at $201,000 after purchasing an additional 3,000 shares during the last quarter. Jeppson Wealth Management LLC boosted its stake in shares of ProShares UltraPro Short QQQ by 31.7% in the 3rd quarter. Jeppson Wealth Management LLC now owns 18,900 shares of the company’s stock valued at $163,000 after purchasing an additional 4,550 shares during the last quarter. Finally, Nvwm LLC bought a new stake in shares of ProShares UltraPro Short QQQ in the 3rd quarter valued at $46,000.

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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