Envestnet Asset Management Inc. Acquires 3,461 Shares of ProShares Short QQQ (NYSEARCA:PSQ)

Envestnet Asset Management Inc. grew its holdings in ProShares Short QQQ (NYSEARCA:PSQ) by 9.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,011 shares of the company’s stock after acquiring an additional 3,461 shares during the period. Envestnet Asset Management Inc. owned 0.27% of ProShares Short QQQ worth $1,666,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in ProShares Short QQQ by 62.4% in the fourth quarter. JPMorgan Chase & Co. now owns 4,459 shares of the company’s stock worth $167,000 after acquiring an additional 1,713 shares in the last quarter. Headlands Technologies LLC bought a new stake in ProShares Short QQQ in the fourth quarter worth approximately $217,000. Resonant Capital Advisors LLC bought a new stake in ProShares Short QQQ in the first quarter worth approximately $251,000. Cambridge Investment Research Advisors Inc. bought a new stake in ProShares Short QQQ in the first quarter worth approximately $266,000. Finally, Beacon Pointe Advisors LLC bought a new stake in shares of ProShares Short QQQ during the 4th quarter worth $374,000.

ProShares Short QQQ Stock Down 0.2%

NYSEARCA PSQ opened at $32.88 on Thursday. The company has a fifty day simple moving average of $34.56 and a 200 day simple moving average of $37.27. ProShares Short QQQ has a 1 year low of $32.64 and a 1 year high of $46.98.

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.