ProShares UltraPro Short QQQ (SQQQ) Shares Gap Down to $16.53

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ProShares UltraPro Short QQQ (NASDAQ:SQQQ)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $16.94, but opened at $16.53. ProShares UltraPro Short QQQ shares last traded at $16.20, with a volume of 41657004 shares.

Large investors have recently bought and sold shares of the business. Hsbc Holdings PLC raised its position in shares of ProShares UltraPro Short QQQ by 2,304.5% in the third quarter. Hsbc Holdings PLC now owns 480,900 shares of the company’s stock valued at $5,357,000 after buying an additional 460,900 shares during the last quarter. SCP Investment LP raised its position in shares of ProShares UltraPro Short QQQ by 80.3% in the second quarter. SCP Investment LP now owns 89,812 shares of the company’s stock valued at $1,292,000 after buying an additional 40,000 shares during the last quarter. Wolverine Asset Management LLC raised its position in shares of ProShares UltraPro Short QQQ by 6.2% in the second quarter. Wolverine Asset Management LLC now owns 73,400 shares of the company’s stock valued at $1,056,000 after buying an additional 4,300 shares during the last quarter. Trellus Management Company LLC acquired a new stake in shares of ProShares UltraPro Short QQQ in the third quarter valued at about $735,000. Finally, Tower Research Capital LLC TRC raised its position in shares of ProShares UltraPro Short QQQ by 12,900.5% in the third quarter. Tower Research Capital LLC TRC now owns 26,001 shares of the company’s stock valued at $290,000 after buying an additional 25,801 shares during the last quarter.

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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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