Beacon Pointe Advisors LLC acquired a new position in shares of ProShares Short QQQ (NYSEARCA:PSQ – Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 25,000 shares of the company’s stock, valued at approximately $842,000. Beacon Pointe Advisors LLC owned about 0.17% of ProShares Short QQQ at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. LPL Financial LLC increased its position in ProShares Short QQQ by 59.3% during the first quarter. LPL Financial LLC now owns 136,272 shares of the company’s stock worth $5,537,000 after buying an additional 50,741 shares in the last quarter. PNC Financial Services Group Inc. acquired a new stake in shares of ProShares Short QQQ during the first quarter valued at $25,000. Headlands Technologies LLC boosted its stake in shares of ProShares Short QQQ by 144.1% during the first quarter. Headlands Technologies LLC now owns 14,169 shares of the company’s stock valued at $576,000 after acquiring an additional 8,365 shares during the last quarter. Simplex Trading LLC increased its position in ProShares Short QQQ by 8.7% during the 1st quarter. Simplex Trading LLC now owns 495,320 shares of the company’s stock worth $20,124,000 after purchasing an additional 39,852 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new position in ProShares Short QQQ in the 1st quarter valued at about $9,035,000.
ProShares Short QQQ Stock Performance
NYSEARCA:PSQ opened at $29.99 on Friday. The company’s 50-day moving average is $30.58 and its two-hundred day moving average is $32.54. ProShares Short QQQ has a 12-month low of $29.34 and a 12-month 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.
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