ProShares Short QQQ (NYSEARCA:PSQ) Shares Gap Up to $43.39

ProShares Short QQQ (NYSEARCA:PSQ) gapped up prior to trading on Monday . The stock had previously closed at $43.39, but opened at $45.81. ProShares Short QQQ shares last traded at $44.92, with a volume of 1,633,021 shares changing hands.

ProShares Short QQQ Stock Performance

The business has a 50 day simple moving average of $41.21 and a 200 day simple moving average of $43.57.

Institutional Trading of ProShares Short QQQ

A number of institutional investors and hedge funds have recently bought and sold shares of PSQ. PNC Financial Services Group Inc. increased its holdings in ProShares Short QQQ by 85.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,630 shares of the company’s stock worth $44,000 after purchasing an additional 2,130 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new stake in ProShares Short QQQ in the fourth quarter valued at approximately $53,000. ORG Partners LLC purchased a new position in ProShares Short QQQ in the second quarter worth approximately $71,000. Auour Investments LLC acquired a new position in ProShares Short QQQ during the 1st quarter worth approximately $90,000. Finally, Axxcess Wealth Management LLC purchased a new stake in shares of ProShares Short QQQ in the 4th quarter valued at approximately $163,000.

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.