Atomi Financial Group Inc. Boosts Stake in ProShares Short QQQ (NYSEARCA:PSQ)

Atomi Financial Group Inc. raised its position in ProShares Short QQQ (NYSEARCA:PSQ) by 4.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,112 shares of the company’s stock after purchasing an additional 2,414 shares during the quarter. Atomi Financial Group Inc. owned 0.47% of ProShares Short QQQ worth $2,292,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Udine Wealth Management Inc. increased its position in shares of ProShares Short QQQ by 266.0% during the first quarter. Udine Wealth Management Inc. now owns 1,509,250 shares of the company’s stock worth $13,221,000 after acquiring an additional 1,096,888 shares during the period. IMC Chicago LLC purchased a new position in shares of ProShares Short QQQ during the first quarter worth approximately $9,151,000. Wakefield Asset Management LLLP purchased a new position in shares of ProShares Short QQQ during the second quarter worth approximately $8,697,000. Mirador Capital Partners LP purchased a new position in shares of ProShares Short QQQ during the third quarter worth approximately $5,135,000. Finally, TAP Consulting LLC purchased a new position in shares of ProShares Short QQQ during the second quarter worth approximately $5,228,000.

ProShares Short QQQ Stock Performance

Shares of NYSEARCA:PSQ traded down $0.46 during trading on Tuesday, reaching $39.52. 1,830,494 shares of the company were exchanged, compared to its average volume of 3,809,348. The business’s fifty day simple moving average is $41.45 and its 200-day simple moving average is $42.33. ProShares Short QQQ has a 12-month low of $38.62 and a 12-month high of $57.24.

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.