Axiom Investment Management LLC Makes New Investment in ProShares Short QQQ $PSQ

Axiom Investment Management LLC acquired a new position in shares of ProShares Short QQQ (NYSEARCA:PSQ) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 40,980 shares of the company’s stock, valued at approximately $1,017,000. Axiom Investment Management LLC owned 0.18% of ProShares Short QQQ as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Lesa Sroufe & Co bought a new stake in ProShares Short QQQ during the third quarter valued at $2,775,000. Auour Investments LLC raised its position in shares of ProShares Short QQQ by 10.1% in the 3rd quarter. Auour Investments LLC now owns 15,116 shares of the company’s stock worth $375,000 after acquiring an additional 1,381 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of ProShares Short QQQ in the 3rd quarter worth about $6,499,000. Citizens Financial Group Inc. RI bought a new position in shares of ProShares Short QQQ in the 3rd quarter worth about $231,000. Finally, Vima LLC raised its position in shares of ProShares Short QQQ by 274.7% in the 3rd quarter. Vima LLC now owns 2,342 shares of the company’s stock worth $58,000 after acquiring an additional 1,717 shares in the last quarter.

ProShares Short QQQ Price Performance

Shares of NYSEARCA:PSQ opened at $27.95 on Friday. The business’s 50-day moving average is $25.59 and its 200-day moving average is $27.45. ProShares Short QQQ has a 1 year low of $24.09 and a 1 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.