Envestnet Asset Management Inc. Sells 23,895 Shares of ProShares Short QQQ $PSQ

Envestnet Asset Management Inc. lowered its position in shares of ProShares Short QQQ (NYSEARCA:PSQ) by 58.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,116 shares of the company’s stock after selling 23,895 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.11% of ProShares Short QQQ worth $576,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. acquired a new stake in shares of ProShares Short QQQ during the first quarter worth approximately $25,000. Union Bancaire Privee UBP SA bought a new stake in ProShares Short QQQ during the 2nd quarter worth approximately $34,000. Banque Cantonale Vaudoise acquired a new stake in ProShares Short QQQ during the 1st quarter valued at $98,000. Avior Wealth Management LLC bought a new position in ProShares Short QQQ in the 2nd quarter valued at $207,000. Finally, West Michigan Advisors LLC bought a new position in ProShares Short QQQ in the 2nd quarter valued at $220,000.

ProShares Short QQQ Stock Performance

Shares of PSQ stock opened at $30.92 on Tuesday. ProShares Short QQQ has a 52 week low of $29.34 and a 52 week high of $46.98. The stock’s fifty day moving average is $30.80 and its 200-day moving average is $32.89.

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.