Fox Hill Wealth Management Trims Stake in ProShares Short QQQ (NYSEARCA:PSQ)

Fox Hill Wealth Management decreased its position in shares of ProShares Short QQQ (NYSEARCA:PSQ) by 9.3% during the fourth quarter, Holdings Channel reports. The fund owned 14,051 shares of the company’s stock after selling 1,439 shares during the period. Fox Hill Wealth Management’s holdings in ProShares Short QQQ were worth $526,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PSQ. OneDigital Investment Advisors LLC grew its holdings in shares of ProShares Short QQQ by 2.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 31,647 shares of the company’s stock worth $1,248,000 after acquiring an additional 905 shares during the period. HighTower Advisors LLC purchased a new position in shares of ProShares Short QQQ during the 3rd quarter worth approximately $580,000. Integrated Wealth Concepts LLC purchased a new position in shares of ProShares Short QQQ during the 3rd quarter worth approximately $1,371,000. Eastern Bank grew its holdings in shares of ProShares Short QQQ by 63.6% during the 4th quarter. Eastern Bank now owns 9,946 shares of the company’s stock worth $372,000 after acquiring an additional 3,867 shares during the period. Finally, RiverTree Advisors LLC purchased a new position in shares of ProShares Short QQQ during the 4th quarter worth approximately $222,000.

ProShares Short QQQ Stock Performance

ProShares Short QQQ stock opened at $40.52 on Wednesday. The stock’s 50 day moving average is $37.47 and its 200 day moving average is $38.37. ProShares Short QQQ has a twelve month low of $35.57 and a twelve month high of $47.24.

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.