ProShares Short QQQ (NYSEARCA:PSQ) Shares Gap Up – What’s Next?

Shares of ProShares Short QQQ (NYSEARCA:PSQ) 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 traded.

ProShares Short QQQ Price Performance

The company has a 50 day moving average price of $38.08 and a 200 day moving average price of $38.23.

ProShares Short QQQ Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were paid a $0.3415 dividend. The ex-dividend date of this dividend was Wednesday, March 26th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PSQ. Belpointe Asset Management LLC raised its holdings in shares of ProShares Short QQQ by 1.3% in the 4th quarter. Belpointe Asset Management LLC now owns 67,208 shares of the company’s stock worth $2,756,000 after purchasing an additional 894 shares during the period. JPMorgan Chase & Co. grew its stake in shares of ProShares Short QQQ by 62.4% during the 4th quarter. JPMorgan Chase & Co. now owns 4,459 shares of the company’s stock worth $167,000 after acquiring an additional 1,713 shares during the period. Atomi Financial Group Inc. increased its holdings in ProShares Short QQQ by 3.7% in the 4th quarter. Atomi Financial Group Inc. now owns 60,261 shares of the company’s stock worth $2,254,000 after acquiring an additional 2,149 shares during the last quarter. Spire Wealth Management bought a new stake in ProShares Short QQQ in the 4th quarter valued at about $101,000. Finally, Hedges Asset Management LLC boosted its position in ProShares Short QQQ by 3.5% during the fourth quarter. Hedges Asset Management LLC now owns 95,700 shares of the company’s stock worth $3,579,000 after purchasing an additional 3,200 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.