J2 Capital Management Inc Purchases New Holdings in ProShares Short QQQ $PSQ

J2 Capital Management Inc purchased a new position in shares of ProShares Short QQQ (NYSEARCA:PSQ) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 biggest holding. J2 Capital Management Inc owned about 0.36% of ProShares Short QQQ at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. One Plus One Wealth Management LLC grew its holdings in shares of ProShares Short QQQ by 22.4% during the 1st quarter. One Plus One Wealth Management LLC now owns 533,840 shares of the company’s stock worth $17,184,000 after purchasing an additional 97,522 shares in the last quarter. Auour Investments LLC raised its stake in ProShares Short QQQ by 14.3% in the first 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 in the last quarter. Banque Cantonale Vaudoise bought a new stake in ProShares Short QQQ during the first quarter worth about $104,000. XTX Topco Ltd acquired a new stake in ProShares Short QQQ during the fourth quarter worth about $371,000. Finally, IHT Wealth Management LLC grew its stake in ProShares Short QQQ by 1,155.4% during the fourth quarter. IHT Wealth Management LLC now owns 145,000 shares of the company’s stock worth $4,379,000 after buying an additional 133,450 shares in the last quarter.

ProShares Short QQQ Price Performance

PSQ stock opened at $25.74 on Friday. The company’s 50-day moving average price is $26.54 and its two-hundred day moving average price is $29.19. ProShares Short QQQ has a 12 month low of $24.96 and a 12 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.