ProShares Short QQQ (NYSEARCA:PSQ) Sees Strong Trading Volume – Here’s What Happened

Shares of ProShares Short QQQ (NYSEARCA:PSQ) saw an uptick in trading volume on Wednesday . 4,859,672 shares were traded during trading, an increase of 13% from the previous session’s volume of 4,302,730 shares.The stock last traded at $45.10 and had previously closed at $45.55.

ProShares Short QQQ Trading Down 1.7 %

The company has a fifty day simple moving average of $39.12 and a 200-day simple moving average of $38.37.

ProShares Short QQQ Cuts Dividend

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

Hedge Funds Weigh In On ProShares Short QQQ

Large investors have recently made changes to their positions in the business. Spire Wealth Management bought a new stake in shares of ProShares Short QQQ during the fourth quarter valued at approximately $101,000. JPMorgan Chase & Co. increased its holdings in ProShares Short QQQ by 62.4% in the 4th quarter. JPMorgan Chase & Co. now owns 4,459 shares of the company’s stock valued at $167,000 after acquiring an additional 1,713 shares during the last quarter. Auour Investments LLC purchased a new stake in ProShares Short QQQ in the 4th quarter worth $204,000. Intellectus Partners LLC bought a new position in shares of ProShares Short QQQ during the 4th quarter valued at about $206,000. Finally, Headlands Technologies LLC purchased a new position in shares of ProShares Short QQQ during the fourth quarter valued at about $217,000.

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.