J2 Capital Management Inc Purchases Shares of 84,424 ProShares Short QQQ $PSQ

J2 Capital Management Inc acquired a new position in shares of ProShares Short QQQ (NYSEARCA:PSQ) in the 1st quarter, HoldingsChannel reports. The fund acquired 84,424 shares of the company’s stock, valued at approximately $2,718,000. ProShares Short QQQ makes up 1.9% of J2 Capital Management Inc’s holdings, making the stock its 9th largest position.

A number of other institutional investors also recently modified their holdings of the company. ORG Partners LLC raised its stake in shares of ProShares Short QQQ by 120.0% in the fourth quarter. ORG Partners LLC now owns 1,025 shares of the company’s stock worth $31,000 after purchasing an additional 559 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of ProShares Short QQQ by 2,358.3% in the second quarter. BNP Paribas Financial Markets now owns 885 shares of the company’s stock valued at $30,000 after buying an additional 849 shares during the period. Two Sigma Securities LLC lifted its holdings in ProShares Short QQQ by 3.2% during the second quarter. Two Sigma Securities LLC now owns 28,102 shares of the company’s stock valued at $946,000 after purchasing an additional 867 shares during the last quarter. Auour Investments LLC boosted its holdings in ProShares Short QQQ by 14.3% in the 1st quarter. Auour Investments LLC now owns 12,646 shares of the company’s stock worth $407,000 after buying an additional 1,583 shares during the period. Finally, Litman Gregory Wealth Management LLC purchased a new position in shares of ProShares Short QQQ in the fourth quarter valued at $51,000.

ProShares Short QQQ Stock Down 0.8%

PSQ stock opened at $25.74 on Friday. The stock has a 50-day simple moving average of $26.54 and a two-hundred day simple moving average of $29.19. ProShares Short QQQ has a twelve month low of $24.96 and a twelve month high of $34.27.

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.