LPL Financial LLC raised its position in ProShares Short QQQ (NYSEARCA:PSQ – Free Report) by 59.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 136,272 shares of the company’s stock after purchasing an additional 50,741 shares during the quarter. LPL Financial LLC owned about 0.78% of ProShares Short QQQ worth $5,537,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of PSQ. JPMorgan Chase & Co. lifted 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 valued at $167,000 after buying an additional 1,713 shares during the last quarter. Resonant Capital Advisors LLC acquired a new position in shares of ProShares Short QQQ in the 1st quarter worth approximately $251,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of ProShares Short QQQ in the 1st quarter worth approximately $266,000. Beacon Pointe Advisors LLC acquired a new position in shares of ProShares Short QQQ in the 4th quarter worth approximately $374,000. Finally, BNP Paribas Financial Markets acquired a new position in ProShares Short QQQ during the fourth quarter worth $521,000.
ProShares Short QQQ Stock Performance
NYSEARCA:PSQ opened at $32.25 on Wednesday. The stock’s fifty day moving average is $33.91 and its two-hundred day moving average is $37.00. ProShares Short QQQ has a 52 week low of $32.24 and a 52 week high of $46.98.
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.
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