ProShares Short QQQ (NYSEARCA:PSQ) Shares Gap Up – Still a Buy?

Posted by Stacy Sanders on Apr 5th, 2025

ProShares Short QQQ (NYSEARCA:PSQ – Get Free Report)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $40.02, but opened at $41.72. ProShares Short QQQ shares last traded at $41.69, with a volume of 1,361,048 shares changing hands.

ProShares Short QQQ Trading Up 6.2 %

The firm has a fifty day simple moving average of $38.38 and a 200-day simple moving average of $38.28.

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 issued a $0.3415 dividend. The ex-dividend date was Wednesday, March 26th.

Institutional Investors Weigh In On ProShares Short QQQ

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Spire Wealth Management bought a new stake in shares of ProShares Short QQQ in the 4th quarter valued at approximately $101,000. JPMorgan Chase & Co. increased its stake in ProShares Short QQQ by 62.4% during the fourth quarter. JPMorgan Chase & Co. now owns 4,459 shares of the company’s stock valued at $167,000 after purchasing an additional 1,713 shares during the last quarter. Auour Investments LLC bought a new stake in ProShares Short QQQ during the fourth quarter valued at $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 bought a new position in shares of ProShares Short QQQ in the 4th quarter worth about $217,000.

ProShares Short QQQ Company Profile

(Get Free Report)

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.