Eastern Bank Buys New Position in ProShares Short QQQ (NYSEARCA:PSQ)

Eastern Bank bought a new stake in ProShares Short QQQ (NYSEARCA:PSQ) during the 3rd quarter, Holdings Channel.com reports. The firm bought 6,079 shares of the company’s stock, valued at approximately $240,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Resonant Capital Advisors LLC bought a new stake in ProShares Short QQQ in the third quarter valued at approximately $248,000. Joule Financial LLC bought a new stake in ProShares Short QQQ in the third quarter valued at approximately $234,000. Kaydan Wealth Management Inc. boosted its holdings in ProShares Short QQQ by 99.8% in the third quarter. Kaydan Wealth Management Inc. now owns 286,688 shares of the company’s stock valued at $11,307,000 after acquiring an additional 143,221 shares during the last quarter. HTLF Bank bought a new stake in ProShares Short QQQ in the third quarter valued at approximately $221,000. Finally, Atomi Financial Group Inc. boosted its holdings in ProShares Short QQQ by 4.3% in the third quarter. Atomi Financial Group Inc. now owns 58,112 shares of the company’s stock valued at $2,292,000 after acquiring an additional 2,414 shares during the last quarter.

ProShares Short QQQ Stock Performance

ProShares Short QQQ stock opened at $39.26 on Friday. ProShares Short QQQ has a 52-week low of $38.62 and a 52-week high of $57.24. The stock’s 50 day moving average price is $40.47 and its two-hundred day moving average price is $41.92.

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.