RIA Advisory Group LLC Makes New $507,000 Investment in ProShares Short QQQ (NYSEARCA:PSQ)

RIA Advisory Group LLC purchased a new position in shares of ProShares Short QQQ (NYSEARCA:PSQ) during the third quarter, HoldingsChannel.com reports. The fund purchased 12,851 shares of the company’s stock, valued at approximately $507,000.

Several other institutional investors have also modified their holdings of the business. B. Riley Wealth Advisors Inc. lifted its stake in ProShares Short QQQ by 29.9% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 431,457 shares of the company’s stock valued at $3,780,000 after acquiring an additional 99,313 shares in the last quarter. Sugar Maple Asset Management LLC bought a new stake in shares of ProShares Short QQQ in the first quarter worth $718,000. ORG Partners LLC acquired a new position in ProShares Short QQQ during the second quarter worth $71,000. Sierra Capital LLC bought a new position in ProShares Short QQQ in the second quarter valued at $3,422,000. Finally, Sterling Investment Management LLC bought a new stake in ProShares Short QQQ during the 2nd quarter worth about $1,333,000.

ProShares Short QQQ Trading Up 2.5 %

PSQ opened at $39.05 on Friday. ProShares Short QQQ has a 52-week low of $37.57 and a 52-week high of $51.55. The business’s 50-day simple moving average is $39.62 and its 200 day simple moving average is $41.18.

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.