ProShares Short QQQ (NYSEARCA:PSQ – Get Free Report)’s share price fell 0% during mid-day trading on Monday . The company traded as low as $25.80 and last traded at $25.81. Approximately 6,181,385 shares traded hands during mid-day 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 firm’s 50-day moving average is $25.98 and its 200 day moving average is $27.82.
Institutional Trading of ProShares Short QQQ
Several institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its position in shares of ProShares Short QQQ by 2,358.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 885 shares of the company’s stock worth $30,000 after buying an additional 849 shares during the period. Litman Gregory Wealth Management LLC purchased a new stake in ProShares Short QQQ during the fourth quarter valued at about $51,000. Banque Cantonale Vaudoise acquired a new stake in ProShares Short QQQ during the first quarter worth about $104,000. Intellectus Partners LLC acquired a new stake in ProShares Short QQQ during the fourth quarter worth about $208,000. Finally, Tevis Investment Management purchased a new position in shares of ProShares Short QQQ in the 1st quarter worth about $241,000.
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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