Shares of ProShares Short QQQ (NYSEARCA:PSQ – Get Free Report) passed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $25.44 and traded as low as $25.35. ProShares Short QQQ shares last traded at $25.36, with a volume of 28,874,266 shares traded.
ProShares Short QQQ Stock Down 0.6%
The firm’s fifty day moving average price is $25.44 and its 200-day moving average price is $27.55.
Institutional Trading of ProShares Short QQQ
Institutional investors have recently modified their holdings of the company. Arkadios Wealth Advisors bought a new position in ProShares Short QQQ during the first quarter valued at about $9,522,000. Oppenheimer & Co. Inc. acquired a new stake in ProShares Short QQQ in the 3rd quarter valued at about $6,499,000. Renaissance Technologies LLC acquired a new stake in ProShares Short QQQ in the 1st quarter valued at about $8,408,000. Financial Enhancement Group LLC acquired a new position in shares of ProShares Short QQQ in the 3rd quarter worth approximately $4,020,000. Finally, AFG Fiduciary Services Limited Partnership grew its stake in shares of ProShares Short QQQ by 99.8% in the 2nd quarter. AFG Fiduciary Services Limited Partnership now owns 129,962 shares of the company’s stock worth $3,365,000 after purchasing an additional 64,907 shares during 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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