Wealthsource Partners LLC Invests $1.21 Million in ProShares Short QQQ (NYSEARCA:PSQ)

Wealthsource Partners LLC acquired a new position in shares of ProShares Short QQQ (NYSEARCA:PSQ – Get Rating) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 104,053 shares of the company’s stock, valued at approximately $1,205,000. Wealthsource Partners LLC owned about 0.12% of ProShares Short QQQ as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Savior LLC raised its stake in ProShares Short QQQ by 3.9% during the first quarter. Savior LLC now owns 164,602 shares of the company’s stock worth $1,880,000 after acquiring an additional 6,169 shares during the period. Simplex Trading LLC boosted its holdings in shares of ProShares Short QQQ by 162.9% in the first quarter. Simplex Trading LLC now owns 10,452 shares of the company’s stock valued at $121,000 after acquiring an additional 6,476 shares in the last quarter. Lesa Sroufe & Co boosted its holdings in ProShares Short QQQ by 7.6% during the first quarter. Lesa Sroufe & Co now owns 135,749 shares of the company’s stock worth $1,598,000 after buying an additional 9,540 shares in the last quarter. Western Pacific Wealth Management LP bought a new stake in ProShares Short QQQ during the first quarter worth approximately $113,000. Finally, Integrated Advisors Network LLC bought a new stake in ProShares Short QQQ during the first quarter worth approximately $122,000.

ProShares Short QQQ Stock Up 0.7 %

ProShares Short QQQ stock opened at $12.48 on Friday. The company has a 50 day moving average price of $13.70 and a 200 day moving average price of $12.93. ProShares Short QQQ has a 52 week low of $10.63 and a 52 week high of $15.05.

ProShares Short QQQ Company Profile

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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.