West Michigan Advisors LLC Takes $220,000 Position in ProShares Short QQQ $PSQ

West Michigan Advisors LLC acquired a new stake in shares of ProShares Short QQQ (NYSEARCA:PSQ) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 6,464 shares of the company’s stock, valued at approximately $220,000.

Several other institutional investors have also recently modified their holdings of the company. HighTower Advisors LLC bought a new position in ProShares Short QQQ during the 1st quarter worth approximately $9,035,000. Citizens Financial Group Inc. RI bought a new position in ProShares Short QQQ during the 1st quarter worth approximately $4,784,000. Wakefield Asset Management LLLP bought a new position in ProShares Short QQQ during the 1st quarter worth approximately $3,420,000. Sterling Investment Management LLC bought a new position in ProShares Short QQQ during the 2nd quarter worth approximately $2,605,000. Finally, Total Clarity Wealth Management Inc. bought a new position in ProShares Short QQQ during the 2nd quarter worth approximately $2,436,000.

ProShares Short QQQ Trading Down 1.0%

NYSEARCA PSQ opened at $30.28 on Friday. ProShares Short QQQ has a fifty-two week low of $30.21 and a fifty-two week high of $46.98. The stock has a 50 day simple moving average of $31.73 and a two-hundred day simple moving average of $34.50.

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.