165,765 Shares of ProShares Short QQQ $PSQ Acquired by Financial Enhancement Group LLC

Financial Enhancement Group LLC bought a new stake in shares of ProShares Short QQQ (NYSEARCA:PSQ) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 165,765 shares of the company’s stock, valued at approximately $4,020,000.

Several other hedge funds and other institutional investors also recently modified their holdings of PSQ. Ballew Advisors Inc grew its holdings in shares of ProShares Short QQQ by 22.8% during the 3rd quarter. Ballew Advisors Inc now owns 53,574 shares of the company’s stock worth $1,314,000 after acquiring an additional 9,958 shares during the period. Envestnet Asset Management Inc. grew its stake in ProShares Short QQQ by 20.5% in the second quarter. Envestnet Asset Management Inc. now owns 20,788 shares of the company’s stock worth $521,000 after purchasing an additional 3,538 shares during the period. AFG Fiduciary Services Limited Partnership raised its holdings in ProShares Short QQQ by 99.8% in the second quarter. AFG Fiduciary Services Limited Partnership now owns 129,962 shares of the company’s stock worth $3,365,000 after purchasing an additional 64,907 shares in the last quarter. Axiom Investment Management LLC bought a new position in ProShares Short QQQ in the first quarter worth $354,000. Finally, Arkadios Wealth Advisors purchased a new position in ProShares Short QQQ during the first quarter valued at $9,522,000.

ProShares Short QQQ Stock Up 1.4%

Shares of NYSEARCA:PSQ traded up $0.34 during midday trading on Thursday, reaching $24.59. The company’s stock had a trading volume of 24,784,207 shares, compared to its average volume of 10,886,759. The firm has a 50 day moving average of $25.57 and a 200-day moving average of $26.76. ProShares Short QQQ has a 12-month low of $24.09 and a 12-month high of $33.47.

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. ProShares Short QQQ will not directly sell short the equity securities of issuers contained in the NASDAQ-100 Index.