ProShares Short QQQ (NYSEARCA:PSQ – Get Free Report) shares were down 0% during mid-day trading on Monday . The company traded as low as $25.80 and last traded at $25.81. Approximately 6,181,385 shares traded hands during trading, a decline of 39% from the average daily volume of 10,172,757 shares. The stock had previously closed at $25.82.
ProShares Short QQQ Price Performance
The company’s fifty day moving average is $25.98 and its 200 day moving average is $27.82.
Hedge Funds Weigh In On ProShares Short QQQ
A number of hedge funds have recently made changes to their positions in the business. AFG Fiduciary Services Limited Partnership lifted its holdings in shares of ProShares Short QQQ by 99.8% during the 2nd quarter. AFG Fiduciary Services Limited Partnership now owns 129,962 shares of the company’s stock valued at $3,365,000 after acquiring an additional 64,907 shares in the last quarter. Axiom Investment Management LLC purchased a new position in ProShares Short QQQ in the first quarter valued at about $354,000. Arkadios Wealth Advisors acquired a new position in shares of ProShares Short QQQ during the first quarter worth about $9,522,000. Renaissance Technologies LLC acquired a new position in shares of ProShares Short QQQ during the first quarter worth about $8,408,000. Finally, Independent Financial Group LLC purchased a new stake in shares of ProShares Short QQQ in the first quarter worth about $448,000.
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. ProShares Short QQQ will not directly sell short the equity securities of issuers contained in the NASDAQ-100 Index.
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