Axiom Investment Management LLC acquired a new stake in ProShares Short QQQ (NYSEARCA:PSQ – Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 40,980 shares of the company’s stock, valued at approximately $1,017,000.
Several other hedge funds also recently modified their holdings of PSQ. Lesa Sroufe & Co acquired a new position in shares of ProShares Short QQQ during the 3rd quarter valued at $2,775,000. Auour Investments LLC boosted its stake in ProShares Short QQQ by 10.1% during the third quarter. Auour Investments LLC now owns 15,116 shares of the company’s stock worth $375,000 after acquiring an additional 1,381 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in ProShares Short QQQ during the third quarter worth $6,499,000. Citizens Financial Group Inc. RI bought a new position in ProShares Short QQQ during the third quarter worth $231,000. Finally, Vima LLC grew its holdings in ProShares Short QQQ by 274.7% in the third quarter. Vima LLC now owns 2,342 shares of the company’s stock worth $58,000 after purchasing an additional 1,717 shares during the period.
ProShares Short QQQ Stock Performance
NYSEARCA:PSQ opened at $27.95 on Friday. The firm has a fifty day simple moving average of $25.59 and a two-hundred day simple moving average of $27.45. ProShares Short QQQ has a 12 month low of $24.09 and a 12 month high of $33.47.
ProShares Short QQQ Profile
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.
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