ProShares Short QQQ (NYSEARCA:PSQ – Get Free Report) shares saw strong trading volume on Wednesday . 6,513,680 shares changed hands during trading, an increase of 48% from the previous session’s volume of 4,407,792 shares.The stock last traded at $38.87 and had previously closed at $38.85.
ProShares Short QQQ Stock Performance
The stock’s 50 day moving average is $36.96 and its two-hundred day moving average is $38.44.
Hedge Funds Weigh In On ProShares Short QQQ
A number of institutional investors and hedge funds have recently modified their holdings of the company. HighTower Advisors LLC acquired a new position in ProShares Short QQQ in the third quarter valued at approximately $580,000. Hedges Asset Management LLC boosted its holdings in shares of ProShares Short QQQ by 3.5% in the 4th quarter. Hedges Asset Management LLC now owns 95,700 shares of the company’s stock valued at $3,579,000 after buying an additional 3,200 shares in the last quarter. Choreo LLC raised its stake in ProShares Short QQQ by 143.6% during the 4th quarter. Choreo LLC now owns 18,086 shares of the company’s stock worth $683,000 after acquiring an additional 10,663 shares in the last quarter. Eastern Bank lifted its position in ProShares Short QQQ by 63.6% in the fourth quarter. Eastern Bank now owns 9,946 shares of the company’s stock valued at $372,000 after acquiring an additional 3,867 shares during the last quarter. Finally, RIA Advisory Group LLC acquired a new position in ProShares Short QQQ in the third quarter valued at $507,000.
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.
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