Oppenheimer & Co. Inc. bought a new stake in ProShares Short QQQ (NYSEARCA:PSQ – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 261,855 shares of the company’s stock, valued at approximately $6,499,000.
Several other hedge funds also recently bought and sold shares of PSQ. Citizens Financial Group Inc. RI purchased a new position in ProShares Short QQQ during the third quarter worth about $231,000. Vima LLC increased its position in shares of ProShares Short QQQ by 274.7% during the third quarter. Vima LLC now owns 2,342 shares of the company’s stock valued at $58,000 after acquiring an additional 1,717 shares during the last quarter. Financial Enhancement Group LLC acquired a new stake in shares of ProShares Short QQQ during the third quarter valued at about $4,020,000. Ballew Advisors Inc raised its stake in shares of ProShares Short QQQ by 22.8% in the 3rd quarter. Ballew Advisors Inc now owns 53,574 shares of the company’s stock valued at $1,314,000 after acquiring an additional 9,958 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of ProShares Short QQQ by 20.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 20,788 shares of the company’s stock valued at $521,000 after acquiring an additional 3,538 shares during the period.
ProShares Short QQQ Price Performance
ProShares Short QQQ stock opened at $25.36 on Thursday. The company’s 50 day simple moving average is $25.44 and its 200-day simple moving average is $27.55. ProShares Short QQQ has a 1 year low of $24.09 and a 1 year 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.
Featured Articles
- Five stocks we like better than ProShares Short QQQ
- Boeing Got Its MAX 10 Approval, But Q3 Delivered a Reality Check
- The Invisible AI Backbone: Corning’s AI Fiber Play
- Heavy Metal: Why Nucor Could Be an Overlooked AI Infrastructure Winner
- Why Tesla’s Upside Is About More Than a SpaceX Merger
Want to see what other hedge funds are holding PSQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Short QQQ (NYSEARCA:PSQ – Free Report).
Receive News & Ratings for ProShares Short QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Short QQQ and related companies with MarketBeat.com's FREE daily email newsletter.
