ProShares Short QQQ (NYSEARCA:PSQ – Get Free Report)’s share price rose 0.3% during mid-day trading on Monday . The company traded as high as $27.32 and last traded at $27.08. Approximately 6,611,045 shares changed hands during trading, a decline of 37% from the average daily volume of 10,500,818 shares. The stock had previously closed at $26.99.
ProShares Short QQQ Stock Up 0.3%
The firm’s 50 day simple moving average is $25.84 and its 200 day simple moving average is $28.53.
Hedge Funds Weigh In On ProShares Short QQQ
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its position in ProShares Short QQQ by 2,358.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 885 shares of the company’s stock worth $30,000 after acquiring an additional 849 shares during the period. ORG Partners LLC increased its holdings in shares of ProShares Short QQQ by 120.0% during the fourth quarter. ORG Partners LLC now owns 1,025 shares of the company’s stock valued at $31,000 after purchasing an additional 559 shares during the period. Litman Gregory Wealth Management LLC bought a new stake in shares of ProShares Short QQQ during the fourth quarter valued at about $51,000. Banque Cantonale Vaudoise acquired a new stake in ProShares Short QQQ in the first quarter worth about $104,000. Finally, Intellectus Partners LLC acquired a new stake in ProShares Short QQQ in the fourth quarter worth about $208,000.
About ProShares Short QQQ
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.
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