ProShares Short QQQ (NYSEARCA:PSQ) Trading 0.3% Higher – What’s Next?

Shares of ProShares Short QQQ (NYSEARCA:PSQ) rose 0.3% during trading on Monday . The stock traded as high as $27.32 and last traded at $27.08. 6,611,045 shares traded hands during trading, a decline of 37% from the average session volume of 10,500,818 shares. The stock had previously closed at $26.99.

ProShares Short QQQ Price Performance

The firm has a 50 day moving average of $25.86 and a 200-day moving average of $28.52.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PSQ. UBS Group AG lifted its position in ProShares Short QQQ by 129.4% in the fourth quarter. UBS Group AG now owns 1,384,348 shares of the company’s stock worth $41,807,000 after purchasing an additional 780,849 shares during the period. Arkadios Wealth Advisors bought a new position in ProShares Short QQQ during the first quarter worth about $9,522,000. Renaissance Technologies LLC acquired a new position in ProShares Short QQQ in the first quarter valued at about $8,408,000. Jump Financial LLC bought a new position in ProShares Short QQQ during the 4th quarter worth about $7,343,000. Finally, One Plus One Wealth Management LLC boosted its holdings in ProShares Short QQQ by 64.9% during the fourth quarter. One Plus One Wealth Management LLC now owns 436,318 shares of the company’s stock worth $13,177,000 after purchasing an additional 171,757 shares during the last quarter.

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. ProShares Short QQQ will not directly sell short the equity securities of issuers contained in the NASDAQ-100 Index.