Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $48.30 and last traded at $48.59, with a volume of 41543287 shares trading hands. The stock had previously closed at $50.51.
ProShares UltraPro Short QQQ Trading Down 3.8%
The firm has a fifty day simple moving average of $68.97 and a 200 day simple moving average of $69.02.
Hedge Funds Weigh In On ProShares UltraPro Short QQQ
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SQQQ. Goldman Sachs Group Inc. acquired a new position in ProShares UltraPro Short QQQ during the first quarter valued at approximately $7,668,000. JPMorgan Chase & Co. acquired a new position in ProShares UltraPro Short QQQ during the second quarter valued at approximately $400,000. Cresset Asset Management LLC bought a new stake in shares of ProShares UltraPro Short QQQ in the second quarter valued at approximately $198,000. Jump Financial LLC bought a new stake in shares of ProShares UltraPro Short QQQ in the second quarter valued at approximately $2,794,000. Finally, Qube Research & Technologies Ltd boosted its position in shares of ProShares UltraPro Short QQQ by 2,856.6% in the second quarter. Qube Research & Technologies Ltd now owns 10,969 shares of the company's stock valued at $215,000 after acquiring an additional 10,598 shares during the period.
ProShares UltraPro Short QQQ Company Profile
(
Get Free Report)
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. The Fund invests in derivatives. It also invests in short-term cash instruments, which have a remaining maturity of 397 days or less and exhibit high quality credit profiles.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider ProShares UltraPro Short QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ProShares UltraPro Short QQQ wasn't on the list.
While ProShares UltraPro Short QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2026. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
