Lesa Sroufe & Co Makes New $2.77 Million Investment in ProShares Short QQQ $PSQ

Lesa Sroufe & Co purchased a new position in shares of ProShares Short QQQ (NYSEARCA:PSQ) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 111,824 shares of the company’s stock, valued at approximately $2,775,000. ProShares Short QQQ accounts for about 1.9% of Lesa Sroufe & Co’s investment portfolio, making the stock its 24th largest holding. Lesa Sroufe & Co owned approximately 0.46% of ProShares Short QQQ at the end of the most recent quarter.

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

ProShares Short QQQ Price Performance

Shares of NYSEARCA:PSQ opened at $26.99 on Tuesday. ProShares Short QQQ has a 12-month low of $24.09 and a 12-month high of $33.47. The business has a 50 day moving average of $25.47 and a two-hundred day moving average of $27.50.

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.