ProShares Short QQQ (NYSEARCA:PSQ) Trading 2.1% Higher – Here’s What Happened

Shares of ProShares Short QQQ (NYSEARCA:PSQ) rose 2.1% during trading on Friday . The company traded as high as $40.37 and last traded at $40.37. Approximately 1,795,409 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 4,059,248 shares. The stock had previously closed at $39.56.

ProShares Short QQQ Price Performance

The business’s 50-day moving average is $37.77 and its two-hundred day moving average is $38.29.

ProShares Short QQQ Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th will be given a dividend of $0.3415 per share. The ex-dividend date is Wednesday, March 26th.

Institutional Trading of ProShares Short QQQ

A number of large investors have recently made changes to their positions in the company. Spire Wealth Management bought a new stake in ProShares Short QQQ during the 4th quarter worth approximately $101,000. JPMorgan Chase & Co. boosted its holdings in shares of ProShares Short QQQ by 62.4% in the fourth quarter. JPMorgan Chase & Co. now owns 4,459 shares of the company’s stock valued at $167,000 after buying an additional 1,713 shares during the period. Auour Investments LLC bought a new stake in shares of ProShares Short QQQ during the fourth quarter worth $204,000. Intellectus Partners LLC acquired a new stake in shares of ProShares Short QQQ during the fourth quarter worth $206,000. Finally, Headlands Technologies LLC acquired a new stake in shares of ProShares Short QQQ during the fourth quarter worth $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.