ProShares Short QQQ (NYSEARCA:PSQ – Get Free Report)’s share price hit a new 52-week low during trading on Friday. The company traded as low as $24.41 and last traded at $24.41, with a volume of 2445614 shares. The stock had previously closed at $24.74.
ProShares Short QQQ Stock Down 0.9%
The firm has a 50 day simple moving average of $25.81 and a two-hundred day simple moving average of $26.96.
Institutional Trading of ProShares Short QQQ
A number of hedge funds have recently modified their holdings of PSQ. Banque Cantonale Vaudoise acquired a new position in shares of ProShares Short QQQ in the 1st quarter valued at $104,000. Intellectus Partners LLC acquired a new position in ProShares Short QQQ in the fourth quarter valued at about $208,000. Tevis Investment Management bought a new stake in shares of ProShares Short QQQ in the first quarter worth about $241,000. Axiom Investment Management LLC bought a new stake in shares of ProShares Short QQQ in the first quarter worth about $354,000. Finally, Auour Investments LLC raised its position in shares of ProShares Short QQQ by 14.3% during 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.
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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