Clarity Financial LLC Invests $1.49 Million in ProShares Short QQQ (NYSEARCA:PSQ)

Clarity Financial LLC acquired a new position in shares of ProShares Short QQQ (NYSEARCA:PSQ) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 37,779 shares of the company’s stock, valued at approximately $1,490,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. ORG Partners LLC purchased a new position in shares of ProShares Short QQQ during the second quarter worth about $71,000. PNC Financial Services Group Inc. grew its holdings in shares of ProShares Short QQQ by 85.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,630 shares of the company’s stock worth $44,000 after purchasing an additional 2,130 shares in the last quarter. HBK Sorce Advisory LLC purchased a new position in shares of ProShares Short QQQ during the second quarter worth about $202,000. HTLF Bank bought a new stake in ProShares Short QQQ in the 3rd quarter worth approximately $221,000. Finally, Joule Financial LLC bought a new stake in ProShares Short QQQ in the 3rd quarter worth approximately $234,000.

ProShares Short QQQ Stock Performance

NYSEARCA:PSQ opened at $39.84 on Tuesday. The business has a 50 day moving average of $40.27 and a 200 day moving average of $41.61. ProShares Short QQQ has a 1-year low of $38.59 and a 1-year high of $53.50.

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.