ProShares Short QQQ (NYSEARCA:PSQ) Shares Up 0.2% – Here’s What Happened

ProShares Short QQQ (NYSEARCA:PSQ) shot up 0.2% during mid-day trading on Monday . The company traded as high as $25.34 and last traded at $25.22. 6,414,464 shares changed hands during trading, a decline of 42% from the average daily volume of 11,102,102 shares. The stock had previously closed at $25.18.

ProShares Short QQQ Stock Up 0.2%

The company has a fifty day simple moving average of $26.78 and a 200 day simple moving average of $29.27.

Institutional Trading of ProShares Short QQQ

Institutional investors and hedge funds have recently modified their holdings of the business. ORG Partners LLC increased its holdings in ProShares Short QQQ by 120.0% in the 4th quarter. ORG Partners LLC now owns 1,025 shares of the company’s stock worth $31,000 after buying an additional 559 shares in the last quarter. BNP Paribas Financial Markets lifted its position in ProShares Short QQQ by 2,358.3% during 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 in the last quarter. Two Sigma Securities LLC lifted its position in shares of ProShares Short QQQ by 3.2% during the 2nd quarter. Two Sigma Securities LLC now owns 28,102 shares of the company’s stock valued at $946,000 after buying an additional 867 shares in the last quarter. Auour Investments LLC boosted its position in shares of ProShares Short QQQ by 14.3% in the first quarter. Auour Investments LLC now owns 12,646 shares of the company’s stock worth $407,000 after purchasing an additional 1,583 shares during the period. Finally, Litman Gregory Wealth Management LLC bought a new position in ProShares Short QQQ in the 4th quarter worth $51,000.

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