ProShares Short QQQ (NYSEARCA:PSQ – Get Free Report) shares passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $27.46 and traded as high as $28.31. ProShares Short QQQ shares last traded at $28.28, with a volume of 33,753,921 shares.
ProShares Short QQQ Trading Down 1.2%
The business has a 50-day moving average of $25.59 and a 200 day moving average of $27.45.
Institutional Investors Weigh In On ProShares Short QQQ
Hedge funds and other institutional investors have recently made changes to their positions in the business. Financial Enhancement Group LLC purchased a new position in shares of ProShares Short QQQ in the third quarter worth approximately $4,020,000. Renaissance Technologies LLC bought a new stake in ProShares Short QQQ during the first quarter valued at approximately $8,408,000. Oppenheimer & Co. Inc. purchased a new stake in ProShares Short QQQ during the third quarter valued at approximately $6,499,000. Lesa Sroufe & Co purchased a new stake in ProShares Short QQQ during the third quarter valued at approximately $2,775,000. Finally, AFG Fiduciary Services Limited Partnership increased its holdings in ProShares Short QQQ by 99.8% during the second quarter. AFG Fiduciary Services Limited Partnership now owns 129,962 shares of the company’s stock valued at $3,365,000 after buying 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.
Recommended Stories
- Five stocks we like better than ProShares Short QQQ
- Dutch Bros Gave Wall Street What It Wanted, So Why Did the Stock Crater?
- Astera Labs Just Crushed Earnings—So Why Are Analysts Cutting Price Targets?
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
Receive News & Ratings for ProShares Short QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Short QQQ and related companies with MarketBeat.com's FREE daily email newsletter.
