Integrated Wealth Concepts LLC Buys Shares of 34,769 ProShares Short QQQ (NYSEARCA:PSQ)

Integrated Wealth Concepts LLC purchased a new position in ProShares Short QQQ (NYSEARCA:PSQ) in the third quarter, HoldingsChannel.com reports. The firm purchased 34,769 shares of the company’s stock, valued at approximately $1,371,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of PSQ. ORG Partners LLC purchased a new stake in ProShares Short QQQ in the second quarter worth about $71,000. Sierra Capital LLC purchased a new stake in ProShares Short QQQ in the second quarter worth about $3,422,000. Sterling Investment Management LLC purchased a new stake in ProShares Short QQQ in the second quarter worth about $1,333,000. AFG Fiduciary Services Limited Partnership purchased a new stake in ProShares Short QQQ in the second quarter worth about $3,747,000. Finally, Wakefield Asset Management LLLP purchased a new stake in ProShares Short QQQ in the second quarter worth about $8,697,000.

ProShares Short QQQ Stock Performance

Shares of PSQ opened at $36.97 on Friday. The business has a 50-day simple moving average of $38.75 and a two-hundred day simple moving average of $40.50. ProShares Short QQQ has a 52 week low of $36.95 and a 52 week high of $51.05.

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.