ProShares Short QQQ (NYSEARCA:PSQ) Trading 3% Higher – Time to Buy?

ProShares Short QQQ (NYSEARCA:PSQ)’s share price traded up 3% on Friday . The company traded as high as $43.73 and last traded at $43.45. 2,201,739 shares changed hands during trading, a decline of 47% from the average session volume of 4,151,064 shares. The stock had previously closed at $42.18.

ProShares Short QQQ Stock Up 6.2 %

The stock has a fifty day moving average of $38.38 and a 200-day moving average of $38.26.

ProShares Short QQQ Cuts Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PSQ. Spire Wealth Management purchased a new stake in ProShares Short QQQ during the 4th quarter worth about $101,000. JPMorgan Chase & Co. increased its position in ProShares Short QQQ by 62.4% during the fourth quarter. JPMorgan Chase & Co. now owns 4,459 shares of the company’s stock worth $167,000 after buying an additional 1,713 shares during the period. Intellectus Partners LLC purchased a new position in shares of ProShares Short QQQ during the fourth quarter worth approximately $206,000. Auour Investments LLC acquired a new stake in ProShares Short QQQ during the 4th quarter worth $204,000. Finally, Headlands Technologies LLC purchased a new stake in ProShares Short QQQ during the 4th quarter valued at approximately $217,000.

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.