ProShares Short QQQ (NYSEARCA:PSQ – Get Free Report)’s stock price were up 0.3% on Monday . The company traded as high as $27.32 and last traded at $27.08. Approximately 6,611,045 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 10,500,818 shares. The stock had previously closed at $26.99.
ProShares Short QQQ Stock Up 0.3%
The firm’s fifty day moving average price is $25.84 and its 200-day moving average price is $28.53.
Hedge Funds Weigh In On ProShares Short QQQ
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PSQ. UBS Group AG increased its position in shares of ProShares Short QQQ by 129.4% during the 4th quarter. UBS Group AG now owns 1,384,348 shares of the company’s stock valued at $41,807,000 after purchasing an additional 780,849 shares during the period. One Plus One Wealth Management LLC boosted its stake in ProShares Short QQQ by 22.4% during the first quarter. One Plus One Wealth Management LLC now owns 533,840 shares of the company’s stock valued at $17,184,000 after buying an additional 97,522 shares in the last quarter. Arkadios Wealth Advisors bought a new position in ProShares Short QQQ during the first quarter valued at about $9,522,000. Renaissance Technologies LLC bought a new position in ProShares Short QQQ during the first quarter valued at about $8,408,000. Finally, Jump Financial LLC acquired a new position in ProShares Short QQQ during the fourth quarter worth about $7,343,000.
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.
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