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

ProShares Short QQQ (NYSEARCA:PSQ)’s share price fell 1.9% during trading on Friday . The company traded as low as $40.29 and last traded at $40.26. 2,092,635 shares traded hands during 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 Trading Down 2.3 %

The business has a fifty day moving average of $37.34 and a 200 day moving average of $38.41.

Hedge Funds Weigh In On ProShares Short QQQ

A number of hedge funds and other institutional investors have recently bought and sold shares of PSQ. Simplex Trading LLC boosted its stake in shares of ProShares Short QQQ by 36.6% in the 4th quarter. Simplex Trading LLC now owns 455,468 shares of the company’s stock valued at $17,034,000 after buying an additional 121,932 shares during the period. Jump Financial LLC boosted its stake in shares of ProShares Short QQQ by 94.8% in the 4th quarter. Jump Financial LLC now owns 336,335 shares of the company’s stock valued at $12,579,000 after buying an additional 163,655 shares during the period. Stableford Capital II LLC purchased a new position in shares of ProShares Short QQQ in the 4th quarter valued at about $12,091,000. Leuthold Group LLC boosted its stake in shares of ProShares Short QQQ by 1,230.3% in the 4th quarter. Leuthold Group LLC now owns 281,394 shares of the company’s stock valued at $10,524,000 after buying an additional 260,242 shares during the period. Finally, Advisory Services Network LLC boosted its stake in shares of ProShares Short QQQ by 11.0% in the 4th quarter. Advisory Services Network LLC now owns 179,296 shares of the company’s stock valued at $6,706,000 after buying an additional 17,807 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.