ProShares Short QQQ (NYSEARCA:PSQ – Get Free Report) shares hit a new 52-week low on Monday . The stock traded as low as $24.92 and last traded at $24.94, with a volume of 12733298 shares. The stock had previously closed at $25.72.
ProShares Short QQQ Stock Down 2.9%
The stock has a 50 day moving average of $26.05 and a 200-day moving average of $27.35.
Institutional Trading of ProShares Short QQQ
Several hedge funds and other institutional investors have recently modified their holdings of the business. J2 Capital Management Inc purchased a new stake in shares of ProShares Short QQQ during the first quarter worth $2,718,000. Gunderson Capital Management LLC purchased a new stake in shares of ProShares Short QQQ in the first quarter worth $4,641,000. Renaissance Technologies LLC bought a new stake in ProShares Short QQQ during the first quarter valued at $8,408,000. 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 during the period. Finally, Lesa Sroufe & Co grew its position in ProShares Short QQQ by 70.6% during the first quarter. Lesa Sroufe & Co now owns 108,715 shares of the company’s stock worth $3,500,000 after buying an additional 45,005 shares in 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. ProShares Short QQQ will not directly sell short the equity securities of issuers contained in the NASDAQ-100 Index.
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