Ballew Advisors Inc lifted its position in shares of ProShares Short QQQ (NYSEARCA:PSQ) by 52.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,212 shares of the company’s stock after purchasing an additional 22,500 shares during the quarter. Ballew Advisors Inc owned 0.18% of ProShares Short QQQ worth $936,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Oxbow Advisors LLC lifted its position in ProShares Short QQQ by 4.1% in the 3rd quarter. Oxbow Advisors LLC now owns 29,150 shares of the company’s stock valued at $482,000 after acquiring an additional 1,150 shares in the last quarter. Blair William & Co. IL lifted its position in ProShares Short QQQ by 39.3% in the 3rd quarter. Blair William & Co. IL now owns 5,171 shares of the company’s stock valued at $86,000 after acquiring an additional 1,460 shares in the last quarter. Symons Capital Management Inc. lifted its position in ProShares Short QQQ by 8.1% in the 3rd quarter. Symons Capital Management Inc. now owns 22,195 shares of the company’s stock valued at $367,000 after acquiring an additional 1,662 shares in the last quarter. Patriot Financial Group Insurance Agency LLC bought a new stake in ProShares Short QQQ in the 3rd quarter valued at $28,000. Finally, Highlander Capital Management LLC lifted its position in ProShares Short QQQ by 120.0% in the 3rd quarter. Highlander Capital Management LLC now owns 3,300 shares of the company’s stock valued at $55,000 after acquiring an additional 1,800 shares in the last quarter.
PSQ stock traded down $0.10 during midday trading on Wednesday, hitting $14.27. The company’s stock had a trading volume of 1,917,570 shares, compared to its average volume of 3,517,584. ProShares Short QQQ has a twelve month low of $14.14 and a twelve month high of $29.70. The company’s fifty day moving average price is $14.72 and its 200 day moving average price is $16.34.
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.
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