ProShares Short QQQ (NYSEARCA:PSQ) Hits New 12-Month Low at $26.04
ProShares Short QQQ (NYSEARCA:PSQ)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $26.04 and last traded at $26.05, with a volume of 24000 shares. The stock had previously closed at $26.22.
The stock has a 50-day moving average of $27.25 and a 200-day moving average of $28.04.
Large investors have recently modified their holdings of the stock. Institutional & Family Asset Management LLC acquired a new stake in ProShares Short QQQ during the second quarter worth approximately $37,000. Coastal Investment Advisors Inc. acquired a new stake in ProShares Short QQQ during the second quarter worth approximately $101,000. IMC Chicago LLC acquired a new stake in ProShares Short QQQ during the second quarter worth approximately $339,000. Almanack Investment Partners LLC. lifted its stake in ProShares Short QQQ by 37.7% during the second quarter. Almanack Investment Partners LLC. now owns 12,362 shares of the company’s stock worth $350,000 after purchasing an additional 3,382 shares during the last quarter. Finally, Commonwealth Equity Services LLC bought a new stake in ProShares Short QQQ during the third quarter worth $445,000.
ProShares Short QQQ is focused on daily investment results that correspond to the inverse (opposite) of the daily performance of the NASDAQ-100 Index. The NASDAQ-100 Index represents non-financial domestic and international issues listed on The NASDAQ Stock Market. The Fund takes positions in financial instruments (including derivatives) that in combination should have similar daily return characteristics as the inverse of the NASDAQ-100 Index.
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