ProShares Short QQQ (NYSEARCA:PSQ – Get Rating) shot up 3.7% on Thursday . The stock traded as high as $14.89 and last traded at $14.89. 661,023 shares were traded during mid-day trading, a decline of 98% from the average session volume of 30,486,152 shares. The stock had previously closed at $14.36.
The business’s 50 day simple moving average is $13.26 and its 200 day simple moving average is $12.25.
Several institutional investors have recently modified their holdings of PSQ. Hellman Jordan Management Co. Inc. MA acquired a new stake in ProShares Short QQQ during the 1st quarter worth $8,978,000. Advisory Services Network LLC lifted its position in ProShares Short QQQ by 125.1% in the 1st quarter. Advisory Services Network LLC now owns 685,218 shares of the company’s stock valued at $7,935,000 after acquiring an additional 380,815 shares in the last quarter. Strategic Wealth Partners Ltd. bought a new stake in ProShares Short QQQ during the 1st quarter worth about $264,000. Robinson Value Management Ltd. bought a new stake in ProShares Short QQQ during the 1st quarter worth about $539,000. Finally, Mirabella Financial Services LLP bought a new stake in ProShares Short QQQ during the 1st quarter worth about $198,000.
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.
Further Reading
- Get a free copy of the StockNews.com research report on ProShares Short QQQ (PSQ)
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