ProShares UltraPro Short QQQ (SQQQ) Shares Gap Up to $9.57

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) shares gapped up prior to trading on Monday . The stock had previously closed at $9.59, but opened at $9.57. ProShares UltraPro Short QQQ shares last traded at $9.97, with a volume of 2684182 shares changing hands.

Several large investors have recently made changes to their positions in SQQQ. Hengehold Capital Management LLC acquired a new position in shares of ProShares UltraPro Short QQQ during the 4th quarter worth approximately $241,000. SG Americas Securities LLC acquired a new position in shares of ProShares UltraPro Short QQQ during the 4th quarter worth approximately $835,000. HRT Financial LLC acquired a new position in shares of ProShares UltraPro Short QQQ during the 4th quarter worth approximately $290,000. Meditor Group Ltd acquired a new position in shares of ProShares UltraPro Short QQQ during the 1st quarter worth approximately $2,898,000. Finally, Randolph Co Inc acquired a new position in shares of ProShares UltraPro Short QQQ during the 1st quarter worth approximately $11,674,000.

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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.

Further Reading: Short Selling Stocks, A Beginner’s Guide

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