Ballew Advisors Inc Purchases Shares of 35,530 ProShares Short QQQ $PSQ

Ballew Advisors Inc acquired a new stake in ProShares Short QQQ (NYSEARCA:PSQ) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 35,530 shares of the company’s stock, valued at approximately $1,108,000.

A number of other hedge funds also recently made changes to their positions in PSQ. BNP Paribas Financial Markets increased its holdings in shares of ProShares Short QQQ by 2,358.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 885 shares of the company’s stock worth $30,000 after acquiring an additional 849 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of ProShares Short QQQ in the second quarter valued at $34,000. PNC Financial Services Group Inc. raised its position in shares of ProShares Short QQQ by 146.7% in the second quarter. PNC Financial Services Group Inc. now owns 1,517 shares of the company’s stock valued at $51,000 after purchasing an additional 902 shares during the period. Avior Wealth Management LLC acquired a new stake in shares of ProShares Short QQQ during the 2nd quarter worth about $207,000. Finally, West Michigan Advisors LLC acquired a new stake in shares of ProShares Short QQQ during the 2nd quarter worth about $220,000.

ProShares Short QQQ Trading Down 1.5%

Shares of PSQ opened at $29.71 on Thursday. ProShares Short QQQ has a 52 week low of $29.34 and a 52 week high of $46.98. The firm’s 50-day simple moving average is $30.43 and its 200 day simple moving average is $32.02.

About ProShares Short QQQ

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.