ProShares Short QQQ (NYSEARCA:PSQ – Get Free Report) shares hit a new 52-week low on Friday . The stock traded as low as $33.13 and last traded at $33.14, with a volume of 3524680 shares changing hands. The stock had previously closed at $33.41.
ProShares Short QQQ Price Performance
The business’s 50-day simple moving average is $35.09 and its 200 day simple moving average is $37.50.
Institutional Trading of ProShares Short QQQ
A number of large investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. purchased a new position in shares of ProShares Short QQQ in the first quarter worth $266,000. Stratos Wealth Partners LTD. raised its stake in shares of ProShares Short QQQ by 165.4% in the 1st quarter. Stratos Wealth Partners LTD. now owns 18,794 shares of the company’s stock valued at $764,000 after acquiring an additional 11,713 shares during the period. BNP Paribas Financial Markets acquired a new position in ProShares Short QQQ during the 4th quarter worth approximately $521,000. JPMorgan Chase & Co. boosted its holdings in shares of ProShares Short QQQ by 62.4% in the 4th quarter. JPMorgan Chase & Co. now owns 4,459 shares of the company’s stock valued at $167,000 after buying an additional 1,713 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in ProShares Short QQQ by 257.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 41,914 shares of the company’s stock worth $1,568,000 after purchasing an additional 30,173 shares during the period.
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.
See Also
- Five stocks we like better than ProShares Short QQQ
- What is the Nasdaq? Complete Overview with History
- How Goldman Sachs Earnings Help You Strategize Your Portfolio
- 3 Warren Buffett Stocks to Buy Now
- 3 Catalysts Driving Plug Power’s Turnaround Case
- Growth Stocks: What They Are, Examples and How to Invest
- The Market Rally Is Gaining Momentum—Don’t Get Left Behind
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.
