ProShares Short QQQ (NYSEARCA:PSQ) Stock Price Up 1.6% – What’s Next?

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 traded hands during mid-day 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 Trading Up 1.6 %

The business’s 50-day simple moving average is $37.56 and its 200 day simple moving average is $39.58.

Institutional Trading of ProShares Short QQQ

A number of hedge funds have recently bought and sold shares of PSQ. HBK Sorce Advisory LLC bought a new stake in ProShares Short QQQ during the second quarter valued at about $202,000. HTLF Bank purchased a new position in ProShares Short QQQ in the third quarter worth $221,000. Joule Financial LLC purchased a new position in ProShares Short QQQ in the third quarter worth $234,000. Eastern Bank acquired a new position in shares of ProShares Short QQQ during the third quarter worth $240,000. Finally, Resonant Capital Advisors LLC purchased a new stake in shares of ProShares Short QQQ during the 3rd quarter valued at $248,000.

About ProShares Short QQQ

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.