Financial Enhancement Group LLC bought a new position in ProShares Short QQQ (NYSEARCA:PSQ – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 165,765 shares of the company’s stock, valued at approximately $4,020,000. Financial Enhancement Group LLC owned 0.71% of ProShares Short QQQ as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PSQ. Banque Cantonale Vaudoise purchased a new position in shares of ProShares Short QQQ in the first quarter valued at about $104,000. Tevis Investment Management purchased a new stake in shares of ProShares Short QQQ during the first quarter worth about $241,000. Axiom Investment Management LLC bought a new stake in shares of ProShares Short QQQ in the first quarter worth about $354,000. Auour Investments LLC increased its holdings in ProShares Short QQQ by 14.3% during the 1st quarter. Auour Investments LLC now owns 12,646 shares of the company’s stock valued at $407,000 after purchasing an additional 1,583 shares during the period. Finally, Independent Financial Group LLC bought a new position in ProShares Short QQQ during the 1st quarter valued at approximately $448,000.
ProShares Short QQQ Trading Up 1.4%
NYSEARCA PSQ traded up $0.34 on Thursday, hitting $24.59. The company’s stock had a trading volume of 24,784,207 shares, compared to its average volume of 10,886,759. ProShares Short QQQ has a 52-week low of $24.09 and a 52-week high of $33.47. The company’s 50-day simple moving average is $25.57 and its 200 day simple moving average is $26.76.
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.
Featured Articles
- Five stocks we like better than ProShares Short QQQ
- Want Private-Market Access to Kalshi and Polymarket? Try This ETF
- Levi’s Stock Dip Reveals Value Opportunity Despite Q3 Headwinds
- PepsiCo Stock Looks Poised to Bottom With High Yield, Deep Value
- Alphabet’s $1.8 Billion Black Hills Deal Powers AI Data Center Push
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.
