Lesa Sroufe & Co Purchases 111,824 Shares of ProShares Short QQQ $PSQ

Lesa Sroufe & Co bought a new position in shares of ProShares Short QQQ (NYSEARCA:PSQ) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 111,824 shares of the company’s stock, valued at approximately $2,775,000. ProShares Short QQQ makes up approximately 1.9% of Lesa Sroufe & Co’s investment portfolio, making the stock its 24th largest position.

Several other hedge funds have also recently modified their holdings of the stock. Renaissance Technologies LLC purchased a new position in ProShares Short QQQ in the 1st quarter valued at about $8,408,000. Financial Enhancement Group LLC acquired a new stake in ProShares Short QQQ in the 3rd quarter worth about $4,020,000. Oppenheimer & Co. Inc. purchased a new stake in ProShares Short QQQ during the 3rd quarter worth approximately $6,499,000. AFG Fiduciary Services Limited Partnership increased its stake in ProShares Short QQQ by 99.8% during the 2nd quarter. AFG Fiduciary Services Limited Partnership now owns 129,962 shares of the company’s stock worth $3,365,000 after buying an additional 64,907 shares in the last quarter. Finally, Arkadios Wealth Advisors purchased a new stake in ProShares Short QQQ during the 1st quarter worth approximately $9,522,000.

ProShares Short QQQ Price Performance

NYSEARCA PSQ opened at $26.99 on Tuesday. The business has a fifty day moving average price of $25.47 and a 200 day moving average price of $27.50. ProShares Short QQQ has a one year low of $24.09 and a one year 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.