ProShares Short QQQ (NYSEARCA:PSQ) Shares Down 1.9% – Time to Sell?

ProShares Short QQQ (NYSEARCA:PSQ) shares were down 1.9% during trading on Friday . The company traded as low as $40.29 and last traded at $40.26. Approximately 2,092,635 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 5,014,907 shares. The stock had previously closed at $41.05.

ProShares Short QQQ Trading Down 2.2 %

The firm has a fifty day moving average price of $37.27 and a 200 day moving average price of $38.43.

Institutional Trading of ProShares Short QQQ

Large investors have recently added to or reduced their stakes in the business. Spire Wealth Management bought a new stake in ProShares Short QQQ during the 4th quarter valued at approximately $101,000. JPMorgan Chase & Co. boosted its stake 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 in the last quarter. Auour Investments LLC bought a new stake in shares of ProShares Short QQQ during the fourth quarter worth $204,000. Intellectus Partners LLC bought a new stake in shares of ProShares Short QQQ during the 4th quarter valued at $206,000. Finally, Headlands Technologies LLC bought a new stake in ProShares Short QQQ in the fourth quarter valued at approximately $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.