ProShares Short QQQ (NYSEARCA:PSQ) Sees Large Volume Increase

Shares of ProShares Short QQQ (NYSEARCA:PSQ) saw unusually-strong trading volume on Tuesday . Approximately 2,116,435 shares traded hands during trading, a decline of 44% from the previous session’s volume of 3,768,077 shares.The stock last traded at $46.17 and had previously closed at $46.61.

ProShares Short QQQ Stock Performance

The company’s 50-day simple moving average is $44.70 and its 200 day simple moving average is $48.06.

Institutional Investors Weigh In On ProShares Short QQQ

Institutional investors have recently made changes to their positions in the company. CPR Investments Inc. bought a new stake in shares of ProShares Short QQQ in the 3rd quarter worth about $3,760,000. UBS Group AG lifted its holdings in ProShares Short QQQ by 14.0% during the 3rd quarter. UBS Group AG now owns 1,504,457 shares of the company’s stock valued at $16,384,000 after buying an additional 185,263 shares in the last quarter. Belpointe Asset Management LLC bought a new stake in ProShares Short QQQ during the 3rd quarter valued at about $675,000. PNC Financial Services Group Inc. bought a new stake in ProShares Short QQQ during the 3rd quarter valued at about $27,000. Finally, LPL Financial LLC lifted its holdings in ProShares Short QQQ by 51.6% during the 3rd quarter. LPL Financial LLC now owns 435,349 shares of the company’s stock valued at $4,741,000 after buying an additional 148,213 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.