120,810 Shares in ProShares Short QQQ $PSQ Purchased by Arkadios Wealth Advisors

Arkadios Wealth Advisors purchased a new position in ProShares Short QQQ (NYSEARCA:PSQ) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 120,810 shares of the company’s stock, valued at approximately $4,066,000.

Other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. purchased a new position in ProShares Short QQQ during the 1st quarter valued at about $25,000. Union Bancaire Privee UBP SA purchased a new position in ProShares Short QQQ during the 2nd quarter valued at about $34,000. Banque Cantonale Vaudoise purchased a new position in ProShares Short QQQ during the 1st quarter valued at about $98,000. Foundations Investment Advisors LLC purchased a new position in ProShares Short QQQ during the 1st quarter valued at about $229,000. Finally, Resonant Capital Advisors LLC purchased a new position in ProShares Short QQQ during the 1st quarter valued at about $251,000.

ProShares Short QQQ Price Performance

NYSEARCA PSQ opened at $29.39 on Thursday. The company’s 50-day simple moving average is $31.54 and its two-hundred day simple moving average is $34.14. ProShares Short QQQ has a one year low of $29.34 and a one year high of $46.98.

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.