Traders Purchase High Volume of ProShares UltraPro Short QQQ Call Options (NASDAQ:SQQQ)

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) saw some unusual options trading activity on Friday. Stock investors bought 135,029 call options on the stock. This represents an increase of approximately 56% compared to the typical daily volume of 86,504 call options.

ProShares UltraPro Short QQQ Trading Up 4.6%

Shares of ProShares UltraPro Short QQQ stock opened at $42.79 on Friday. The company has a 50-day simple moving average of $39.98 and a 200 day simple moving average of $58.04. ProShares UltraPro Short QQQ has a 12-month low of $35.80 and a 12-month high of $98.85.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Larson Financial Group LLC bought a new stake in ProShares UltraPro Short QQQ during the 4th quarter worth approximately $29,000. Parallel Advisors LLC increased its holdings in ProShares UltraPro Short QQQ by 105.4% during the 3rd quarter. Parallel Advisors LLC now owns 1,992 shares of the company’s stock valued at $30,000 after purchasing an additional 1,022 shares in the last quarter. Osaic Holdings Inc. raised its position in ProShares UltraPro Short QQQ by 47.2% in the 2nd quarter. Osaic Holdings Inc. now owns 2,170 shares of the company’s stock valued at $42,000 after purchasing an additional 696 shares during the last quarter. FNY Investment Advisers LLC bought a new position in ProShares UltraPro Short QQQ in the 3rd quarter valued at $63,000. Finally, Ramsey Quantitative Systems acquired a new position in ProShares UltraPro Short QQQ in the second quarter worth $102,000.

ProShares UltraPro Short QQQ Company Profile

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.