ProShares Short QQQ (NYSEARCA:PSQ – Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 3,788,950 shares traded hands during trading, an increase of 7% from the previous session’s volume of 3,543,311 shares.The stock last traded at $44.30 and had previously closed at $44.47.
ProShares Short QQQ Price Performance
The firm’s 50-day simple moving average is $44.60 and its 200 day simple moving average is $48.51.
Institutional Investors Weigh In On ProShares Short QQQ
A number of institutional investors and hedge funds have recently modified their holdings of PSQ. Advisor Group Holdings Inc. increased its position in shares of ProShares Short QQQ by 312.9% in the first quarter. Advisor Group Holdings Inc. now owns 111,130 shares of the company’s stock worth $271,000 after acquiring an additional 84,214 shares in the last quarter. JPMorgan Chase & Co. raised its stake in ProShares Short QQQ by 54.3% during the 1st quarter. JPMorgan Chase & Co. now owns 13,994 shares of the company’s stock valued at $162,000 after purchasing an additional 4,924 shares during the period. Raymond James & Associates purchased a new stake in shares of ProShares Short QQQ in the first quarter valued at $546,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of ProShares Short QQQ in the first quarter valued at $306,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of ProShares Short QQQ in the first quarter worth $567,000.
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.
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