Joshs Finance

Stock Traders Purchase Large Volume of Call Options on ProShares UltraPro Short QQQ (NASDAQ:SQQQ) – MarketBeat

ProShares UltraPro Short QQQ (NASDAQ:SQQQGet Rating) was the target of some unusual options trading activity on Friday. Stock investors purchased 178,007 call options on the company. This is an increase of approximately 39% compared to the average volume of 127,794 call options.

ProShares UltraPro Short QQQ Stock Down 5.5 %

Shares of SQQQ traded down $2.30 during mid-day trading on Friday, reaching $39.83. 117,838,164 shares of the stock traded hands, compared to its average volume of 102,672,227. The firm has a fifty day moving average price of $53.15 and a 200 day moving average price of $46.67. ProShares UltraPro Short QQQ has a 1 year low of $28.15 and a 1 year high of $67.69.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SkyOak Wealth LLC purchased a new position in ProShares UltraPro Short QQQ in the first quarter worth $438,000. SCEP Management Ltd purchased a new stake in ProShares UltraPro Short QQQ during the fourth quarter valued at about $57,785,000. FNY Investment Advisers LLC purchased a new stake in ProShares UltraPro Short QQQ during the first quarter valued at about $336,000. Brave Asset Management Inc. boosted its position in ProShares UltraPro Short QQQ by 87.8% during the first quarter. Brave Asset Management Inc. now owns 150,218 shares of the company’s stock valued at $5,058,000 after buying an additional 70,218 shares during the period. Finally, Avaii Wealth Management LLC purchased a new stake in ProShares UltraPro Short QQQ during the first quarter valued at about $828,000.

ProShares UltraPro Short QQQ Company Profile

(Get Rating)

Ad Paradigm Press

3rd Massive Dollar Upheaval Has Started

Thanks to President Biden’s Executive Order 14067…I predict the 3rd Great Dollar Earthquake has started.

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.

Read More

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to

Should you invest $1,000 in ProShares UltraPro Short QQQ right now?

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 “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

Leave a Comment

Your email address will not be published. Required fields are marked *