Renaissance Technologies LLC purchased a new position in shares of ProShares Short QQQ (NYSEARCA:PSQ – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 261,200 shares of the company’s stock, valued at approximately $8,408,000. Renaissance Technologies LLC owned about 1.40% of ProShares Short QQQ at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in PSQ. IMC Chicago LLC acquired a new stake in shares of ProShares Short QQQ during the 4th quarter worth about $555,000. Gunderson Capital Management LLC acquired a new position in ProShares Short QQQ in the first quarter valued at approximately $4,641,000. J2 Capital Management Inc acquired a new position in ProShares Short QQQ in the first quarter valued at approximately $2,718,000. One Plus One Wealth Management LLC increased its stake in ProShares Short QQQ by 22.4% in the first quarter. One Plus One Wealth Management LLC now owns 533,840 shares of the company’s stock valued at $17,184,000 after purchasing an additional 97,522 shares during the last quarter. Finally, Lesa Sroufe & Co increased its stake in ProShares Short QQQ by 70.6% in the first quarter. Lesa Sroufe & Co now owns 108,715 shares of the company’s stock valued at $3,500,000 after purchasing an additional 45,005 shares during the last quarter.
ProShares Short QQQ Price Performance
PSQ stock opened at $26.36 on Tuesday. ProShares Short QQQ has a twelve month low of $24.96 and a twelve month high of $33.56. The company’s 50 day moving average is $25.93 and its two-hundred day moving average is $28.44.
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. ProShares Short QQQ will not directly sell short the equity securities of issuers contained in the NASDAQ-100 Index.
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