ProShares Short QQQ (NYSEARCA:PSQ) Stock Price Up 3% – What’s Next?

ProShares Short QQQ (NYSEARCA:PSQ)’s stock price shot up 3% during trading on Friday . The stock traded as high as $43.73 and last traded at $43.45. 2,201,739 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 4,151,064 shares. The stock had previously closed at $42.18.

ProShares Short QQQ Stock Performance

The stock has a 50 day simple moving average of $38.38 and a 200 day simple moving average of $38.26.

ProShares Short QQQ Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were given a dividend of $0.3415 per share. The ex-dividend date was Wednesday, March 26th.

Institutional Trading of ProShares Short QQQ

Several large investors have recently bought and sold shares of PSQ. Spire Wealth Management purchased a new stake in shares of ProShares Short QQQ during the fourth quarter worth about $101,000. JPMorgan Chase & Co. increased its holdings in ProShares Short QQQ by 62.4% during the 4th quarter. JPMorgan Chase & Co. now owns 4,459 shares of the company’s stock worth $167,000 after purchasing an additional 1,713 shares during the last quarter. Auour Investments LLC acquired a new stake in ProShares Short QQQ in the fourth quarter valued at $204,000. Intellectus Partners LLC bought a new stake in shares of ProShares Short QQQ in the 4th quarter worth about $206,000. Finally, Headlands Technologies LLC acquired a new position in ProShares Short QQQ in the fourth quarter worth about $217,000.

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.