Shares of ProShares Short QQQ (NYSEARCA:PSQ – Get Free Report) fell 0% during mid-day trading on Monday . The stock traded as low as $25.80 and last traded at $25.81. Approximately 6,181,385 shares traded hands during trading, a decline of 39% from the average session volume of 10,172,757 shares. The stock had previously closed at $25.82.
ProShares Short QQQ Stock Performance
The business’s 50-day moving average price is $25.98 and its two-hundred day moving average price is $27.79.
Institutional Investors Weigh In On ProShares Short QQQ
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Gunderson Capital Management LLC acquired a new position in ProShares Short QQQ in the first quarter worth about $4,641,000. J2 Capital Management Inc bought a new stake in ProShares Short QQQ in the first quarter valued at about $2,718,000. IMC Chicago LLC acquired a new stake in ProShares Short QQQ during the fourth quarter valued at approximately $555,000. Renaissance Technologies LLC acquired a new stake in ProShares Short QQQ during the first quarter valued at approximately $8,408,000. Finally, Lesa Sroufe & Co lifted its holdings in ProShares Short QQQ by 70.6% during the 1st 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 during the last quarter.
About ProShares Short QQQ
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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