ProShares Short QQQ (NYSEARCA:PSQ – Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $43.00 and last traded at $43.05, with a volume of 121358 shares changing hands. The stock had previously closed at $43.07.
ProShares Short QQQ Trading Up 0.5 %
The firm has a 50-day simple moving average of $44.54 and a 200-day simple moving average of $46.58.
Institutional Trading of ProShares Short QQQ
A number of institutional investors have recently made changes to their positions in the business. Jump Financial LLC acquired a new stake in shares of ProShares Short QQQ in the 4th quarter worth $21,274,000. Udine Wealth Management Inc. raised its stake in ProShares Short QQQ by 266.0% in the 1st quarter. Udine Wealth Management Inc. now owns 1,509,250 shares of the company’s stock worth $13,221,000 after acquiring an additional 1,096,888 shares during the last quarter. UBS Group AG raised its stake in ProShares Short QQQ by 14.0% in the 3rd quarter. UBS Group AG now owns 1,504,457 shares of the company’s stock worth $16,384,000 after acquiring an additional 185,263 shares during the last quarter. Acute Investment Advisory LLC raised its stake in ProShares Short QQQ by 5.1% in the 4th quarter. Acute Investment Advisory LLC now owns 1,165,195 shares of the company’s stock worth $11,046,000 after acquiring an additional 56,441 shares during the last quarter. Finally, IMC Chicago LLC purchased a new position in ProShares Short QQQ in the 1st quarter worth $9,151,000.
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.
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