Intellectus Partners LLC Buys Shares of 5,500 ProShares Short QQQ (NYSEARCA:PSQ)

Intellectus Partners LLC bought a new stake in shares of ProShares Short QQQ (NYSEARCA:PSQ) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,500 shares of the company’s stock, valued at approximately $206,000.

A number of other institutional investors and hedge funds have also made changes to their positions in PSQ. Spire Wealth Management bought a new stake in shares of ProShares Short QQQ during the fourth quarter valued at approximately $101,000. Auour Investments LLC bought a new stake in shares of ProShares Short QQQ during the fourth quarter valued at approximately $204,000. RiverTree Advisors LLC bought a new stake in shares of ProShares Short QQQ during the fourth quarter valued at approximately $222,000. Mutual Advisors LLC bought a new stake in shares of ProShares Short QQQ during the fourth quarter valued at approximately $368,000. Finally, Eastern Bank increased its position in shares of ProShares Short QQQ by 63.6% during the fourth quarter. Eastern Bank now owns 9,946 shares of the company’s stock valued at $372,000 after acquiring an additional 3,867 shares in the last quarter.

ProShares Short QQQ Price Performance

Shares of PSQ opened at $39.14 on Friday. The firm has a 50 day moving average of $37.01 and a 200 day moving average of $38.43. ProShares Short QQQ has a twelve month low of $35.57 and a twelve month high of $47.24.

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.