Shares of ProShares Short QQQ (NYSEARCA:PSQ – Get Free Report) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $24.92 and last traded at $24.94, with a volume of 12733298 shares traded. The stock had previously closed at $25.72.
ProShares Short QQQ Price Performance
The company has a 50 day moving average price of $26.05 and a 200 day moving average price of $27.35.
Institutional Investors Weigh In On ProShares Short QQQ
Several hedge funds and other institutional investors have recently modified their holdings of the company. Auour Investments LLC lifted its stake in ProShares Short QQQ by 14.3% in the first quarter. Auour Investments LLC now owns 12,646 shares of the company’s stock valued at $407,000 after purchasing an additional 1,583 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in ProShares Short QQQ in the first quarter worth $104,000. F&V Capital Management LLC increased its position in ProShares Short QQQ by 32.3% in the first quarter. F&V Capital Management LLC now owns 19,850 shares of the company’s stock worth $639,000 after buying an additional 4,850 shares during the last quarter. Intellectus Partners LLC bought a new stake in shares of ProShares Short QQQ in the fourth quarter valued at $208,000. Finally, Tevis Investment Management bought a new stake in shares of ProShares Short QQQ in the first quarter valued at $241,000.
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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