25,000 Shares in ProShares Short QQQ $PSQ Acquired by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC purchased a new stake in shares of ProShares Short QQQ (NYSEARCA:PSQ) in the second quarter, HoldingsChannel reports. The institutional investor purchased 25,000 shares of the company’s stock, valued at approximately $842,000.

Several other hedge funds also recently modified their holdings of PSQ. HighTower Advisors LLC acquired a new stake in shares of ProShares Short QQQ in the first quarter valued at $9,035,000. Arkadios Wealth Advisors acquired a new position in ProShares Short QQQ during the second quarter worth about $4,066,000. Sterling Investment Management LLC acquired a new position in ProShares Short QQQ during the second quarter worth about $2,605,000. Wakefield Asset Management LLLP raised its position in ProShares Short QQQ by 87.9% in the second quarter. Wakefield Asset Management LLLP now owns 158,103 shares of the company’s stock worth $5,324,000 after acquiring an additional 73,948 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. acquired a new stake in ProShares Short QQQ in the 2nd quarter valued at about $2,436,000.

ProShares Short QQQ Stock Performance

NYSEARCA:PSQ opened at $29.99 on Friday. ProShares Short QQQ has a twelve month low of $29.34 and a twelve month high of $46.98. The company has a 50-day moving average of $30.58 and a 200-day moving average of $32.54.

ProShares Short QQQ Company 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.