Envestnet Asset Management Inc. Purchases 31,512 Shares of ProShares Short QQQ $PSQ

Envestnet Asset Management Inc. increased its position in shares of ProShares Short QQQ (NYSEARCA:PSQ) by 184.1% during the third quarter, HoldingsChannel.com reports. The firm owned 48,628 shares of the company’s stock after buying an additional 31,512 shares during the period. Envestnet Asset Management Inc.’s holdings in ProShares Short QQQ were worth $1,509,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. BNP Paribas Financial Markets lifted its position in ProShares Short QQQ by 2,358.3% in the second quarter. BNP Paribas Financial Markets now owns 885 shares of the company’s stock worth $30,000 after purchasing an additional 849 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of ProShares Short QQQ by 146.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,517 shares of the company’s stock valued at $51,000 after buying an additional 902 shares in the last quarter. Union Bancaire Privee UBP SA lifted its holdings in shares of ProShares Short QQQ by 200.0% during the 3rd quarter. Union Bancaire Privee UBP SA now owns 3,000 shares of the company’s stock worth $93,000 after acquiring an additional 2,000 shares during the period. Foundations Investment Advisors LLC boosted its position in shares of ProShares Short QQQ by 15.0% during the 2nd quarter. Foundations Investment Advisors LLC now owns 6,485 shares of the company’s stock valued at $218,000 after acquiring an additional 846 shares in the last quarter. Finally, Auour Investments LLC boosted its position in shares of ProShares Short QQQ by 15.6% during the 3rd quarter. Auour Investments LLC now owns 7,652 shares of the company’s stock valued at $238,000 after acquiring an additional 1,030 shares in the last quarter.

ProShares Short QQQ Price Performance

NYSEARCA:PSQ opened at $30.75 on Monday. ProShares Short QQQ has a 12-month low of $29.24 and a 12-month high of $46.98. The firm has a 50-day moving average price of $30.21 and a 200 day moving average price of $30.83.

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.