77,390 Shares in ProShares Short QQQ $PSQ Bought by Sterling Investment Management LLC

Sterling Investment Management LLC purchased a new position in shares of ProShares Short QQQ (NYSEARCA:PSQ) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 77,390 shares of the company’s stock, valued at approximately $2,605,000. ProShares Short QQQ accounts for 1.7% of Sterling Investment Management LLC’s investment portfolio, making the stock its 21st largest holding.

A number of other large investors have also recently bought and sold shares of PSQ. HighTower Advisors LLC acquired a new stake in shares of ProShares Short QQQ in the 1st quarter worth $9,035,000. Citizens Financial Group Inc. RI acquired a new stake in shares of ProShares Short QQQ in the 1st quarter worth $4,784,000. Wakefield Asset Management LLLP acquired a new stake in shares of ProShares Short QQQ in the 1st quarter worth $3,420,000. Total Clarity Wealth Management Inc. acquired a new stake in shares of ProShares Short QQQ in the 2nd quarter worth $2,436,000. Finally, AFG Fiduciary Services Limited Partnership acquired a new stake in shares of ProShares Short QQQ in the 2nd quarter worth $2,233,000.

ProShares Short QQQ Stock Performance

PSQ stock opened at $30.54 on Wednesday. ProShares Short QQQ has a one year low of $30.46 and a one year high of $46.98. The company has a fifty day moving average of $31.84 and a 200-day moving average of $34.73.

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.