ProShares Short QQQ $PSQ Shares Purchased by Arkadios Wealth Advisors

Arkadios Wealth Advisors boosted its position in ProShares Short QQQ (NYSEARCA:PSQ) by 75.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 211,484 shares of the company’s stock after buying an additional 90,674 shares during the period. Arkadios Wealth Advisors owned approximately 1.14% of ProShares Short QQQ worth $6,564,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of PSQ. BNP Paribas Financial Markets lifted its stake in ProShares Short QQQ by 2,358.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 885 shares of the company’s stock valued at $30,000 after acquiring an additional 849 shares during the period. Union Bancaire Privee UBP SA acquired a new position in ProShares Short QQQ during the second quarter valued at $34,000. PNC Financial Services Group Inc. lifted its position in ProShares Short QQQ by 146.7% during the second quarter. PNC Financial Services Group Inc. now owns 1,517 shares of the company’s stock valued at $51,000 after purchasing an additional 902 shares during the period. Avior Wealth Management LLC purchased a new stake in ProShares Short QQQ in the second quarter valued at $207,000. Finally, West Michigan Advisors LLC purchased a new stake in ProShares Short QQQ in the second quarter valued at $220,000.

ProShares Short QQQ Trading Up 2.1%

NYSEARCA PSQ opened at $30.59 on Wednesday. The stock has a 50-day simple moving average of $30.32 and a two-hundred day simple moving average of $31.37. ProShares Short QQQ has a fifty-two week low of $29.34 and a fifty-two 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. ProShares Short QQQ will not directly sell short the equity securities of issuers contained in the NASDAQ-100 Index.