StoneX Group Inc. acquired a new position in ProShares Short QQQ (NYSEARCA:PSQ – Free Report) in the third quarter, Holdings Channel reports. The institutional investor acquired 36,612 shares of the company’s stock, valued at approximately $969,000.
A number of other large investors have also recently made changes to their positions in PSQ. Arkadios Wealth Advisors purchased a new stake in shares of ProShares Short QQQ during the 1st quarter valued at about $9,522,000. Oppenheimer & Co. Inc. bought a new position in shares of ProShares Short QQQ in the 3rd quarter valued at about $6,499,000. Renaissance Technologies LLC purchased a new position in ProShares Short QQQ in the first quarter worth about $8,408,000. Financial Enhancement Group LLC purchased a new position in ProShares Short QQQ in the third quarter worth about $4,020,000. Finally, AFG Fiduciary Services Limited Partnership grew its position in ProShares Short QQQ by 99.8% in the second quarter. AFG Fiduciary Services Limited Partnership now owns 129,962 shares of the company’s stock worth $3,365,000 after acquiring an additional 64,907 shares in the last quarter.
ProShares Short QQQ Price Performance
Shares of NYSEARCA PSQ opened at $26.99 on Tuesday. ProShares Short QQQ has a 1-year low of $24.09 and a 1-year high of $33.47. The business’s 50 day moving average is $25.61 and its two-hundred day moving average is $27.43.
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. ProShares Short QQQ will not directly sell short the equity securities of issuers contained in the NASDAQ-100 Index.
Further Reading
- Five stocks we like better than ProShares Short QQQ
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
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 – Free Report).
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.
