Sheets Smith Investment Management Makes New $669,000 Investment in ProShares Short QQQ $PSQ

Sheets Smith Investment Management bought a new stake in ProShares Short QQQ (NYSEARCA:PSQ) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 21,568 shares of the company’s stock, valued at approximately $669,000. Sheets Smith Investment Management owned 0.13% of ProShares Short QQQ as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PSQ. Hedges Asset Management LLC increased its position in shares of ProShares Short QQQ by 7.0% during the 3rd quarter. Hedges Asset Management LLC now owns 71,900 shares of the company’s stock worth $2,232,000 after purchasing an additional 4,700 shares during the last quarter. Union Bancaire Privee UBP SA boosted its stake in ProShares Short QQQ by 200.0% during the third quarter. Union Bancaire Privee UBP SA now owns 3,000 shares of the company’s stock worth $93,000 after buying an additional 2,000 shares during the period. Corient Private Wealth LLC acquired a new stake in shares of ProShares Short QQQ during the second quarter valued at about $427,000. Squarepoint Ops LLC increased its position in shares of ProShares Short QQQ by 63.1% during the second quarter. Squarepoint Ops LLC now owns 116,318 shares of the company’s stock valued at $3,915,000 after acquiring an additional 44,998 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of ProShares Short QQQ in the 2nd quarter valued at approximately $636,000.

ProShares Short QQQ Stock Performance

Shares of PSQ stock opened at $30.83 on Friday. The firm’s 50 day moving average price is $30.51 and its 200-day moving average price is $32.20. 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.