ProShares Short QQQ (NYSEARCA:PSQ – Get Free Report) crossed 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 Trading Down 0.6%
The stock has a fifty day moving average price of $25.44 and a two-hundred day moving average price of $27.55.
Institutional Trading of ProShares Short QQQ
Large investors have recently added to or reduced their stakes in the business. Auour Investments LLC boosted its position in ProShares Short QQQ by 10.1% during the 3rd quarter. Auour Investments LLC now owns 15,116 shares of the company’s stock worth $375,000 after acquiring an additional 1,381 shares during the period. Oppenheimer & Co. Inc. acquired a new position in shares of ProShares Short QQQ during the third quarter valued at $6,499,000. Citizens Financial Group Inc. RI acquired a new position in shares of ProShares Short QQQ during the third quarter valued at $231,000. Vima LLC increased its holdings in shares of ProShares Short QQQ by 274.7% during the third quarter. Vima LLC now owns 2,342 shares of the company’s stock valued at $58,000 after purchasing an additional 1,717 shares during the period. Finally, Financial Enhancement Group LLC acquired a new position in shares of ProShares Short QQQ during the third quarter valued at $4,020,000.
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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