PVG Asset Management Corp Acquires New Position in ProShares Short QQQ $PSQ

PVG Asset Management Corp acquired a new stake in ProShares Short QQQ (NYSEARCA:PSQ) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 21,568 shares of the company’s stock, valued at approximately $669,000. ProShares Short QQQ accounts for 2.5% of PVG Asset Management Corp’s holdings, making the stock its 10th biggest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in ProShares Short QQQ by 2,358.3% in the second quarter. BNP Paribas Financial Markets now owns 885 shares of the company’s stock worth $30,000 after purchasing an additional 849 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings 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 buying an additional 902 shares in the last quarter. Union Bancaire Privee UBP SA lifted its position in shares of ProShares Short QQQ by 200.0% in the third quarter. Union Bancaire Privee UBP SA now owns 3,000 shares of the company’s stock worth $93,000 after buying an additional 2,000 shares during the last quarter. Foundations Investment Advisors LLC lifted its position in shares of ProShares Short QQQ by 15.0% in the second quarter. Foundations Investment Advisors LLC now owns 6,485 shares of the company’s stock worth $218,000 after buying an additional 846 shares during the last quarter. Finally, Auour Investments LLC boosted its stake in shares of ProShares Short QQQ by 15.6% during the 3rd quarter. Auour Investments LLC now owns 7,652 shares of the company’s stock worth $238,000 after acquiring an additional 1,030 shares in the last quarter.

ProShares Short QQQ Price Performance

Shares of NYSEARCA PSQ opened at $31.44 on Thursday. The business’s 50-day simple moving average is $30.47 and its 200-day simple moving average is $30.69. ProShares Short QQQ has a 52 week low of $29.24 and a 52 week high of $46.98.

ProShares Short QQQ Company 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.