ProShares Short QQQ (NYSEARCA:PSQ) Trading 1.6% Higher – Here’s Why

ProShares Short QQQ (NYSEARCA:PSQ)’s stock price were up 1.6% on Friday . The company traded as high as $37.98 and last traded at $37.74. Approximately 4,990,332 shares changed hands during trading, a decline of 11% from the average daily volume of 5,596,029 shares. The stock had previously closed at $37.13.

ProShares Short QQQ Price Performance

The business has a fifty day moving average of $37.60 and a 200-day moving average of $39.62.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. HBK Sorce Advisory LLC bought a new stake in ProShares Short QQQ during the second quarter worth $202,000. HTLF Bank purchased a new position in ProShares Short QQQ during the 3rd quarter worth $221,000. Joule Financial LLC bought a new stake in shares of ProShares Short QQQ in the 3rd quarter worth $234,000. Eastern Bank bought a new stake in shares of ProShares Short QQQ in the 3rd quarter worth $240,000. Finally, Resonant Capital Advisors LLC purchased a new stake in shares of ProShares Short QQQ in the third quarter valued at about $248,000.

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.