ProShares Short QQQ (NYSEARCA:PSQ) Sets New 12-Month Low – Here’s Why

ProShares Short QQQ (NYSEARCA:PSQ)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $29.28 and last traded at $29.2550, with a volume of 79640 shares trading hands. The stock had previously closed at $29.50.

ProShares Short QQQ Trading Up 1.3%

The business has a fifty day moving average price of $30.14 and a two-hundred day moving average price of $31.21.

Institutional Trading of ProShares Short QQQ

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. ORG Partners LLC grew its stake in shares of ProShares Short QQQ by 120.0% in the fourth quarter. ORG Partners LLC now owns 1,025 shares of the company’s stock valued at $31,000 after buying an additional 559 shares in the last quarter. Foundations Investment Advisors LLC increased its stake in ProShares Short QQQ by 15.0% during the second quarter. Foundations Investment Advisors LLC now owns 6,485 shares of the company’s stock worth $218,000 after purchasing an additional 846 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of ProShares Short QQQ by 2,358.3% in the second quarter. BNP Paribas Financial Markets now owns 885 shares of the company’s stock valued at $30,000 after purchasing an additional 849 shares during the period. Two Sigma Securities LLC grew its holdings in shares of ProShares Short QQQ by 3.2% in the second quarter. Two Sigma Securities LLC now owns 28,102 shares of the company’s stock valued at $946,000 after purchasing an additional 867 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in ProShares Short QQQ by 146.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,517 shares of the company’s stock worth $51,000 after buying an additional 902 shares during the period.

ProShares Short QQQ Company Profile

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. ProShares Short QQQ will not directly sell short the equity securities of issuers contained in the NASDAQ-100 Index.