B. Riley Wealth Advisors Inc. Invests $636,000 in ProShares Short QQQ $PSQ

B. Riley Wealth Advisors Inc. purchased a new position in ProShares Short QQQ (NYSEARCA:PSQ) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 18,880 shares of the company’s stock, valued at approximately $636,000. B. Riley Wealth Advisors Inc. owned 0.12% of ProShares Short QQQ as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Advisory Services Network LLC increased its position in ProShares Short QQQ by 32.4% during the 2nd quarter. Advisory Services Network LLC now owns 69,977 shares of the company’s stock valued at $2,314,000 after purchasing an additional 17,134 shares during the period. Tower Research Capital LLC TRC bought a new stake in shares of ProShares Short QQQ during the 2nd quarter valued at about $916,000. Corient Private Wealth LLC purchased a new position in shares of ProShares Short QQQ during the second quarter valued at about $427,000. Two Sigma Securities LLC increased its position in shares of ProShares Short QQQ by 3.2% during the second quarter. Two Sigma Securities LLC now owns 28,102 shares of the company’s stock valued at $946,000 after buying an additional 867 shares during the period. Finally, Game Creek Capital LP raised its stake in ProShares Short QQQ by 1.9% in the second quarter. Game Creek Capital LP now owns 132,500 shares of the company’s stock worth $4,460,000 after buying an additional 2,500 shares in the last quarter.

ProShares Short QQQ Stock Performance

Shares of PSQ opened at $30.71 on Wednesday. The company has a 50-day simple moving average of $30.49 and a two-hundred day simple moving average of $32.22. ProShares Short QQQ has a one year low of $29.34 and a one 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.