Shares of ProShares Short QQQ (NYSEARCA:PSQ – Get Free Report) hit a new 52-week low on Thursday . The company traded as low as $30.51 and last traded at $30.52, with a volume of 4908019 shares trading hands. The stock had previously closed at $30.87.
ProShares Short QQQ Price Performance
The firm has a 50 day moving average of $32.11 and a 200-day moving average of $35.26.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the stock. Simplex Trading LLC increased its stake in ProShares Short QQQ by 8.7% in the 1st quarter. Simplex Trading LLC now owns 495,320 shares of the company’s stock valued at $20,124,000 after buying an additional 39,852 shares during the period. One Plus One Wealth Management LLC grew its holdings in shares of ProShares Short QQQ by 3.6% during the 2nd quarter. One Plus One Wealth Management LLC now owns 296,473 shares of the company’s stock valued at $9,979,000 after acquiring an additional 10,252 shares in the last quarter. HighTower Advisors LLC acquired a new stake in ProShares Short QQQ during the first quarter valued at $9,035,000. Wakefield Asset Management LLLP boosted its position in ProShares Short QQQ by 87.9% during the second quarter. Wakefield Asset Management LLLP now owns 158,103 shares of the company’s stock valued at $5,324,000 after purchasing an additional 73,948 shares during the last quarter. Finally, LPL Financial LLC boosted its position in ProShares Short QQQ by 59.3% during the first quarter. LPL Financial LLC now owns 136,272 shares of the company’s stock valued at $5,537,000 after purchasing an additional 50,741 shares during the last quarter.
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.
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