ProShares Short QQQ (NYSEARCA:PSQ) Shares Up 2.1% – Here’s What Happened

Posted by Matthew Jenks on Mar 30th, 2025

ProShares Short QQQ (NYSEARCA:PSQ – Get Free Report) traded up 2.1% during mid-day trading on Friday . The company traded as high as $40.37 and last traded at $40.37. 1,795,409 shares changed hands during trading, a decline of 56% from the average session volume of 4,059,248 shares. The stock had previously closed at $39.56.

ProShares Short QQQ Stock Performance

The firm’s fifty day moving average is $37.85 and its 200 day moving average is $38.25.

ProShares Short QQQ Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th will be issued a dividend of $0.3415 per share. The ex-dividend date of this dividend is Wednesday, March 26th.

Institutional Trading of ProShares Short QQQ

Several hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC bought a new position in ProShares Short QQQ during the third quarter worth about $580,000. Integrated Wealth Concepts LLC bought a new position in shares of ProShares Short QQQ during the third quarter worth approximately $1,371,000. Eastern Bank increased its holdings in shares of ProShares Short QQQ by 63.6% during the fourth quarter. Eastern Bank now owns 9,946 shares of the company’s stock worth $372,000 after purchasing an additional 3,867 shares during the period. RiverTree Advisors LLC acquired a new stake in shares of ProShares Short QQQ in the fourth quarter valued at approximately $222,000. Finally, Atomi Financial Group Inc. boosted its stake in shares of ProShares Short QQQ by 3.7% in the fourth quarter. Atomi Financial Group Inc. now owns 60,261 shares of the company’s stock valued at $2,254,000 after buying an additional 2,149 shares during the period.

About ProShares Short QQQ

(Get Free Report)

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.