ProShares Short QQQ (PSQ) Sees Strong Trading Volume

ProShares Short QQQ (NYSEARCA:PSQ) shares saw strong trading volume on Thursday . 3,208,712 shares were traded during trading, an increase of 73% from the previous session’s volume of 1,858,478 shares.The stock last traded at $30.98 and had previously closed at $30.61.

Several large investors have recently made changes to their positions in PSQ. Morgan Stanley grew its position in shares of ProShares Short QQQ by 90.6% during the 3rd quarter. Morgan Stanley now owns 2,053,423 shares of the company’s stock worth $60,083,000 after purchasing an additional 976,252 shares in the last quarter. Nkcfo LLC acquired a new position in shares of ProShares Short QQQ during the 4th quarter worth approximately $6,653,000. SG Americas Securities LLC acquired a new position in shares of ProShares Short QQQ during the 3rd quarter worth approximately $5,512,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of ProShares Short QQQ during the 4th quarter worth approximately $3,570,000. Finally, Wells Fargo & Company MN grew its position in shares of ProShares Short QQQ by 33.9% during the 3rd quarter. Wells Fargo & Company MN now owns 385,195 shares of the company’s stock worth $11,271,000 after purchasing an additional 97,607 shares in the last quarter.

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About ProShares Short QQQ (NYSEARCA:PSQ)

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.

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