Robinson Value Management Ltd. Takes $952,000 Position in ProShares Short QQQ $PSQ

Robinson Value Management Ltd. bought a new stake in shares of ProShares Short QQQ (NYSEARCA:PSQ) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 28,282 shares of the company’s stock, valued at approximately $952,000. Robinson Value Management Ltd. owned approximately 0.18% of ProShares Short QQQ at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PSQ. PNC Financial Services Group Inc. acquired a new stake in shares of ProShares Short QQQ during the first quarter valued at about $25,000. Union Bancaire Privee UBP SA acquired a new stake in shares of ProShares Short QQQ during the second quarter valued at about $34,000. Banque Cantonale Vaudoise acquired a new position in ProShares Short QQQ in the first quarter worth about $98,000. Avior Wealth Management LLC acquired a new position in ProShares Short QQQ in the second quarter worth about $207,000. Finally, Foundations Investment Advisors LLC acquired a new position in ProShares Short QQQ in the first quarter worth about $229,000.

ProShares Short QQQ Trading Down 0.6%

NYSEARCA:PSQ opened at $30.91 on Friday. ProShares Short QQQ has a one year low of $30.47 and a one year high of $46.98. The stock has a 50-day simple moving average of $31.91 and a 200 day simple moving average of $34.95.

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.