ProShares Short QQQ (NYSEARCA:PSQ) Stock Price Down 1.9% – What’s Next?

ProShares Short QQQ (NYSEARCA:PSQ) shares traded down 1.9% during mid-day trading on Friday . The company traded as low as $40.29 and last traded at $40.26. 2,092,635 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 5,014,907 shares. The stock had previously closed at $41.05.

ProShares Short QQQ Stock Down 2.3 %

The business has a 50 day simple moving average of $37.34 and a 200-day simple moving average of $38.41.

Institutional Trading of ProShares Short QQQ

A number of hedge funds and other institutional investors have recently modified their holdings of PSQ. Stableford Capital II LLC acquired a new stake in shares of ProShares Short QQQ during the 4th quarter worth about $12,091,000. Leuthold Group LLC increased its position in shares of ProShares Short QQQ by 1,230.3% during the 4th quarter. Leuthold Group LLC now owns 281,394 shares of the company’s stock worth $10,524,000 after purchasing an additional 260,242 shares during the last quarter. Jump Financial LLC boosted its holdings in ProShares Short QQQ by 94.8% during the 4th quarter. Jump Financial LLC now owns 336,335 shares of the company’s stock valued at $12,579,000 after acquiring an additional 163,655 shares during the period. Simplex Trading LLC boosted its holdings in ProShares Short QQQ by 36.6% during the 4th quarter. Simplex Trading LLC now owns 455,468 shares of the company’s stock valued at $17,034,000 after acquiring an additional 121,932 shares during the period. Finally, AFG Fiduciary Services Limited Partnership boosted its holdings in ProShares Short QQQ by 347.6% during the 4th quarter. AFG Fiduciary Services Limited Partnership now owns 131,406 shares of the company’s stock valued at $4,871,000 after acquiring an additional 102,050 shares during the period.

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.