ProShares Short QQQ (NYSEARCA:PSQ) Shares Gap Down to $41.50

ProShares Short QQQ (NYSEARCA:PSQ)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $41.50, but opened at $40.52. ProShares Short QQQ shares last traded at $40.56, with a volume of 804,570 shares trading hands.

ProShares Short QQQ Stock Performance

The stock’s 50 day moving average is $41.68 and its two-hundred day moving average is $42.72.

Institutional Investors Weigh In On ProShares Short QQQ

Large investors have recently modified their holdings of the company. PVG Asset Management Corp acquired a new position in ProShares Short QQQ during the second quarter worth $379,000. Evergreen Capital Management LLC purchased a new position in shares of ProShares Short QQQ in the 2nd quarter valued at about $249,000. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of ProShares Short QQQ in the second quarter valued at about $362,000. HBK Sorce Advisory LLC purchased a new stake in ProShares Short QQQ during the second quarter worth about $202,000. Finally, Fore Capital LLC acquired a new position in ProShares Short QQQ during the second quarter worth about $1,822,000.

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.