Sheets Smith Investment Management Makes New $445,000 Investment in ProShares Short QQQ $PSQ

Sheets Smith Investment Management bought a new stake in shares of ProShares Short QQQ (NYSEARCA:PSQ) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 10,943 shares of the company’s stock, valued at approximately $445,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. purchased a new stake in shares of ProShares Short QQQ during the first quarter worth approximately $25,000. Banque Cantonale Vaudoise purchased a new stake in shares of ProShares Short QQQ in the first quarter valued at about $98,000. Foundations Investment Advisors LLC purchased a new stake in ProShares Short QQQ in the 1st quarter valued at about $229,000. Resonant Capital Advisors LLC purchased a new stake in ProShares Short QQQ in the 1st quarter valued at about $251,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in ProShares Short QQQ in the 1st quarter valued at about $266,000.

ProShares Short QQQ Stock Performance

Shares of ProShares Short QQQ stock opened at $32.21 on Friday. The business has a 50-day moving average of $32.95 and a 200 day moving average of $36.43. ProShares Short QQQ has a 12 month low of $32.08 and a 12 month high of $46.98.

ProShares Short QQQ Company 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.