Lesa Sroufe & Co Invests $1.97 Million in ProShares Short QQQ $PSQ

Lesa Sroufe & Co purchased a new position in ProShares Short QQQ (NYSEARCA:PSQ) during the second quarter, HoldingsChannel.com reports. The fund purchased 58,501 shares of the company’s stock, valued at approximately $1,969,000. ProShares Short QQQ accounts for approximately 1.8% of Lesa Sroufe & Co’s investment portfolio, making the stock its 26th biggest position.

Other hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. bought a new stake in shares of ProShares Short QQQ in the 1st quarter worth approximately $25,000. Union Bancaire Privee UBP SA bought a new stake in shares of ProShares Short QQQ in the 2nd quarter worth approximately $34,000. Banque Cantonale Vaudoise bought a new stake in shares of ProShares Short QQQ in the 1st quarter worth approximately $98,000. Avior Wealth Management LLC purchased a new position in ProShares Short QQQ in the 2nd quarter worth approximately $207,000. Finally, Foundations Investment Advisors LLC purchased a new position in ProShares Short QQQ in the 1st quarter worth approximately $229,000.

ProShares Short QQQ Stock Performance

Shares of NYSEARCA PSQ opened at $30.98 on Thursday. ProShares Short QQQ has a twelve month low of $30.47 and a twelve month high of $46.98. The company has a 50 day moving average of $31.98 and a 200 day moving average of $35.08.

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.