Sterling Investment Management LLC acquired a new stake in ProShares Short QQQ (NYSEARCA:PSQ – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 77,390 shares of the company’s stock, valued at approximately $2,605,000. ProShares Short QQQ comprises about 1.7% of Sterling Investment Management LLC’s investment portfolio, making the stock its 21st largest holding. Sterling Investment Management LLC owned 0.49% of ProShares Short QQQ as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. PNC Financial Services Group Inc. acquired a new position in shares of ProShares Short QQQ in the 1st quarter valued at $25,000. Union Bancaire Privee UBP SA acquired a new position in shares of ProShares Short QQQ in the 2nd quarter valued at $34,000. Banque Cantonale Vaudoise acquired a new position in shares of ProShares Short QQQ in the 1st quarter valued at $98,000. Avior Wealth Management LLC acquired a new position in shares of ProShares Short QQQ in the 2nd quarter valued at $207,000. Finally, Foundations Investment Advisors LLC acquired a new position in shares of ProShares Short QQQ in the 1st quarter valued at $229,000.
ProShares Short QQQ Stock Performance
Shares of ProShares Short QQQ stock opened at $30.54 on Wednesday. The company has a fifty day simple moving average of $31.84 and a 200-day simple moving average of $34.73. ProShares Short QQQ has a 12-month low of $30.46 and a 12-month 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.
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