Oxbow Advisors LLC cut its holdings in shares of ProShares Short QQQ (NYSEARCA:PSQ – Free Report) by 80.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,698 shares of the company’s stock after selling 42,792 shares during the quarter. Oxbow Advisors LLC’s holdings in ProShares Short QQQ were worth $433,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in PSQ. PNC Financial Services Group Inc. raised its stake in ProShares Short QQQ by 85.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,630 shares of the company’s stock valued at $44,000 after purchasing an additional 2,130 shares during the period. Edmond DE Rothschild Holding S.A. bought a new stake in shares of ProShares Short QQQ during the fourth quarter valued at approximately $53,000. ORG Partners LLC purchased a new position in shares of ProShares Short QQQ in the second quarter worth $71,000. Auour Investments LLC bought a new position in shares of ProShares Short QQQ during the first quarter worth $90,000. Finally, Axxcess Wealth Management LLC bought a new position in shares of ProShares Short QQQ during the fourth quarter worth $163,000.
ProShares Short QQQ Stock Performance
NYSEARCA PSQ traded up $1.16 on Friday, reaching $43.51. The company had a trading volume of 7,301,113 shares, compared to its average volume of 3,830,324. ProShares Short QQQ has a 12 month low of $38.62 and a 12 month high of $57.24. The firm’s 50 day moving average price is $41.27 and its 200 day moving average price is $42.96.
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.
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