PROSHARES TR/ULTRAPRO SHORT QQQ (SQQQ) Trading Up 10.4%

Shares of PROSHARES TR/ULTRAPRO SHORT QQQ (NASDAQ:SQQQ) were up 10.4% on Monday . The stock traded as high as $10.40 and last traded at $10.32. Approximately 68,340,883 shares traded hands during trading, an increase of 120% from the average daily volume of 31,010,822 shares. The stock had previously closed at $9.35.

A number of large investors have recently modified their holdings of the stock. Randolph Co Inc bought a new position in PROSHARES TR/ULTRAPRO SHORT QQQ in the first quarter worth approximately $11,674,000. Meditor Group Ltd bought a new position in PROSHARES TR/ULTRAPRO SHORT QQQ in the first quarter worth approximately $2,898,000. SG Americas Securities LLC bought a new position in PROSHARES TR/ULTRAPRO SHORT QQQ in the fourth quarter worth approximately $835,000. Smithfield Trust Co. bought a new position in PROSHARES TR/ULTRAPRO SHORT QQQ in the first quarter worth approximately $398,000. Finally, HRT Financial LLC bought a new position in PROSHARES TR/ULTRAPRO SHORT QQQ in the fourth quarter worth approximately $290,000.

COPYRIGHT VIOLATION WARNING: This piece of content was first reported by Dakota Financial News and is the sole property of of Dakota Financial News. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this piece of content can be viewed at https://dakotafinancialnews.com/2019/05/14/proshares-tr-ultrapro-short-qqq-sqqq-trading-up-10-4.html.

PROSHARES TR/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.

See Also: What is Cost of Capital?

Receive News & Ratings for PROSHARES TR/ULTRAPRO SHORT QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PROSHARES TR/ULTRAPRO SHORT QQQ and related companies with MarketBeat.com's FREE daily email newsletter.