Envestnet Asset Management Inc. Has $1.51 Million Stake in ProShares Short QQQ $PSQ

Envestnet Asset Management Inc. raised its position in shares of ProShares Short QQQ (NYSEARCA:PSQ) by 184.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,628 shares of the company’s stock after acquiring an additional 31,512 shares during the period. Envestnet Asset Management Inc. owned approximately 0.27% of ProShares Short QQQ worth $1,509,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PSQ. Beacon Pointe Advisors LLC bought a new position in ProShares Short QQQ in the 2nd quarter worth approximately $842,000. Arkadios Wealth Advisors boosted its position in shares of ProShares Short QQQ by 75.1% in the third quarter. Arkadios Wealth Advisors now owns 211,484 shares of the company’s stock valued at $6,564,000 after acquiring an additional 90,674 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in shares of ProShares Short QQQ in the second quarter worth $636,000. Ballew Advisors Inc bought a new position in ProShares Short QQQ during the third quarter worth $1,108,000. Finally, Wakefield Asset Management LLLP increased its position in ProShares Short QQQ by 87.9% during the second quarter. Wakefield Asset Management LLLP now owns 158,103 shares of the company’s stock worth $5,324,000 after acquiring an additional 73,948 shares during the period.

ProShares Short QQQ Price Performance

Shares of ProShares Short QQQ stock opened at $30.75 on Monday. The firm has a fifty day moving average price of $30.21 and a two-hundred day moving average price of $30.83. ProShares Short QQQ has a fifty-two week low of $29.24 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.