ProShares Short QQQ (NYSEARCA:PSQ) Reaches New 1-Year Low – Here’s Why

ProShares Short QQQ (NYSEARCA:PSQ) shares reached a new 52-week low during trading on Monday . The company traded as low as $24.92 and last traded at $24.94, with a volume of 12733298 shares changing hands. The stock had previously closed at $25.72.

ProShares Short QQQ Stock Down 0.5%

The business has a 50 day moving average of $26.02 and a 200 day moving average of $27.27.

Institutional Trading of ProShares Short QQQ

Several large investors have recently modified their holdings of PSQ. Banque Cantonale Vaudoise purchased a new position in shares of ProShares Short QQQ in the first quarter valued at $104,000. Intellectus Partners LLC purchased a new stake in shares of ProShares Short QQQ during the 4th quarter worth $208,000. Tevis Investment Management bought a new stake in shares of ProShares Short QQQ in the 1st quarter valued at about $241,000. Axiom Investment Management LLC purchased a new position in ProShares Short QQQ in the first quarter worth $354,000. Finally, Auour Investments LLC increased its holdings in shares of ProShares Short QQQ by 14.3% during the first quarter. Auour Investments LLC now owns 12,646 shares of the company’s stock valued at $407,000 after acquiring an additional 1,583 shares in 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.