Coastal Investment Advisors Inc. boosted its stake in shares of ProShares Short QQQ (NYSEARCA:PSQ) by 390.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 17,615 shares of the company’s stock after acquiring an additional 14,025 shares during the period. Coastal Investment Advisors Inc.’s holdings in ProShares Short QQQ were worth $490,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in PSQ. Institutional & Family Asset Management LLC purchased a new position in shares of ProShares Short QQQ in the 2nd quarter valued at about $37,000. IMC Chicago LLC purchased a new position in shares of ProShares Short QQQ in the 2nd quarter valued at about $339,000. Almanack Investment Partners LLC. increased its holdings in shares of ProShares Short QQQ by 37.7% in the 2nd quarter. Almanack Investment Partners LLC. now owns 12,362 shares of the company’s stock valued at $350,000 after acquiring an additional 3,382 shares during the last quarter. Private Advisor Group LLC purchased a new position in shares of ProShares Short QQQ in the 2nd quarter valued at about $539,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of ProShares Short QQQ by 60.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 20,424 shares of the company’s stock valued at $567,000 after acquiring an additional 7,732 shares during the last quarter.
PSQ opened at $27.32 on Friday. ProShares Short QQQ has a one year low of $26.91 and a one year high of $37.22. The business’s 50-day simple moving average is $27.67 and its 200-day simple moving average is $28.25.
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.
Featured Article: What is a short straddle?
Want to see what other hedge funds are holding PSQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Short QQQ (NYSEARCA:PSQ).
Receive News & Ratings for ProShares Short QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Short QQQ and related companies with MarketBeat.com's FREE daily email newsletter.