ProShares Short QQQ (NYSEARCA:PSQ) Trading 3.9% Higher – Here’s What Happened

ProShares Short QQQ (NYSEARCA:PSQ)’s share price traded up 3.9% on Monday . The company traded as high as $40.70 and last traded at $40.65. 4,918,502 shares changed hands during trading, an increase of 2% from the average session volume of 4,826,231 shares. The stock had previously closed at $39.14.

ProShares Short QQQ Price Performance

The firm has a fifty day moving average of $37.15 and a 200-day moving average of $38.40.

Hedge Funds Weigh In On ProShares Short QQQ

Institutional investors and hedge funds have recently bought and sold shares of the stock. Belpointe Asset Management LLC lifted its stake in ProShares Short QQQ by 1.3% during the fourth 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 last quarter. OneDigital Investment Advisors LLC raised its holdings in ProShares Short QQQ by 2.9% during the third quarter. OneDigital Investment Advisors LLC now owns 31,647 shares of the company’s stock worth $1,248,000 after purchasing an additional 905 shares in the last quarter. JPMorgan Chase & Co. lifted its position in ProShares Short QQQ by 62.4% in the fourth quarter. JPMorgan Chase & Co. now owns 4,459 shares of the company’s stock worth $167,000 after purchasing an additional 1,713 shares during the period. Atomi Financial Group Inc. boosted its stake in ProShares Short QQQ by 3.7% during the 4th quarter. Atomi Financial Group Inc. now owns 60,261 shares of the company’s stock valued at $2,254,000 after purchasing an additional 2,149 shares in the last quarter. Finally, Spire Wealth Management acquired a new position in shares of ProShares Short QQQ during the 4th quarter valued at $101,000.

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.