Optimum Investment Advisors bought a new position in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,000 shares of the company’s stock, valued at approximately $65,000.
Separately, Institutional & Family Asset Management LLC purchased a new stake in ProShares UltraPro Short QQQ during the 2nd quarter worth approximately $83,000.
Shares of SQQQ opened at $30.85 on Monday. ProShares UltraPro Short QQQ has a fifty-two week low of $29.56 and a fifty-two week high of $85.48. The firm’s 50 day moving average price is $32.21 and its 200 day moving average price is $27.79.
About ProShares UltraPro Short QQQ
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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