Resonant Capital Advisors LLC Takes Position in ProShares Short QQQ (NYSEARCA:PSQ)

Resonant Capital Advisors LLC acquired a new position in ProShares Short QQQ (NYSEARCA:PSQ) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 6,166 shares of the company’s stock, valued at approximately $248,000.

Other hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. boosted its stake in shares of ProShares Short QQQ by 85.2% in the 4th 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 last quarter. ORG Partners LLC bought a new position in ProShares Short QQQ in the second quarter valued at about $71,000. Auour Investments LLC purchased a new position in ProShares Short QQQ in the first quarter worth about $90,000. HBK Sorce Advisory LLC bought a new stake in shares of ProShares Short QQQ during the 2nd quarter valued at about $202,000. Finally, HTLF Bank purchased a new stake in shares of ProShares Short QQQ during the 3rd quarter valued at about $221,000.

ProShares Short QQQ Price Performance

PSQ opened at $38.99 on Tuesday. The company’s 50 day moving average is $40.62 and its 200 day moving average is $42.00. ProShares Short QQQ has a 12-month low of $38.62 and a 12-month high of $57.24.

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.