ProShares Short QQQ (NYSEARCA:PSQ – Get Free Report) shares passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $27.46 and traded as high as $28.31. ProShares Short QQQ shares last traded at $28.28, with a volume of 33,753,921 shares.
ProShares Short QQQ Trading Up 6.3%
The firm has a fifty day moving average price of $25.54 and a 200 day moving average price of $27.46.
Institutional Investors Weigh In On ProShares Short QQQ
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vima LLC increased its holdings in shares of ProShares Short QQQ by 274.7% during the 3rd quarter. Vima LLC now owns 2,342 shares of the company’s stock worth $58,000 after buying an additional 1,717 shares during the last quarter. Tevis Investment Management purchased a new stake in ProShares Short QQQ in the 1st quarter valued at about $241,000. Citizens Financial Group Inc. RI purchased a new stake in ProShares Short QQQ in the 3rd quarter valued at about $231,000. Simplex Trading LLC purchased a new position in ProShares Short QQQ during the third quarter worth about $272,000. Finally, Axiom Investment Management LLC acquired a new stake in shares of ProShares Short QQQ during the first quarter valued at about $354,000.
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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