Oxbow Advisors LLC Sells 42,792 Shares of ProShares Short QQQ (NYSEARCA:PSQ)

Oxbow Advisors LLC lowered its position in ProShares Short QQQ (NYSEARCA:PSQ) by 80.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,698 shares of the company’s stock after selling 42,792 shares during the period. Oxbow Advisors LLC owned about 0.09% of ProShares Short QQQ worth $433,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Fox Hill Wealth Management grew its position in shares of ProShares Short QQQ by 1.1% during the 1st quarter. Fox Hill Wealth Management now owns 32,856 shares of the company’s stock valued at $288,000 after acquiring an additional 343 shares during the period. McKinley Carter Wealth Services Inc. grew its holdings in ProShares Short QQQ by 2.0% during the fourth quarter. McKinley Carter Wealth Services Inc. now owns 72,252 shares of the company’s stock valued at $685,000 after purchasing an additional 1,426 shares during the period. ORG Partners LLC purchased a new stake in ProShares Short QQQ in the second quarter worth about $71,000. PNC Financial Services Group Inc. raised its stake in shares of ProShares Short QQQ by 85.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,630 shares of the company’s stock worth $44,000 after buying an additional 2,130 shares during the period. Finally, Hedges Asset Management LLC raised its stake in shares of ProShares Short QQQ by 1.1% in the first quarter. Hedges Asset Management LLC now owns 288,000 shares of the company’s stock worth $2,523,000 after buying an additional 3,000 shares during the period.

ProShares Short QQQ Trading Up 2.7 %

Shares of NYSEARCA:PSQ traded up $1.16 during mid-day trading on Friday, reaching $43.51. 7,301,113 shares of the company traded hands, compared to its average volume of 3,830,324. ProShares Short QQQ has a 52 week low of $38.62 and a 52 week high of $57.24. The company’s 50 day moving average price is $41.27 and its 200-day moving average price is $42.96.

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.