First Washington CORP purchased a new stake in ProShares Short QQQ (NYSEARCA:PSQ) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 76,770 shares of the company’s stock, valued at approximately $2,731,000. First Washington CORP owned approximately 0.77% of ProShares Short QQQ at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. SeaBridge Investment Advisors LLC grew its position in ProShares Short QQQ by 182.9% in the fourth quarter. SeaBridge Investment Advisors LLC now owns 4,640 shares of the company’s stock worth $165,000 after acquiring an additional 3,000 shares during the period. Sicart Associates LLC grew its position in ProShares Short QQQ by 175.8% in the fourth quarter. Sicart Associates LLC now owns 16,550 shares of the company’s stock worth $589,000 after acquiring an additional 10,550 shares during the period. Oppenheimer & Co. Inc. grew its position in ProShares Short QQQ by 77.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 16,831 shares of the company’s stock worth $599,000 after acquiring an additional 7,367 shares during the period. Northern Capital Management LLC purchased a new position in ProShares Short QQQ in the fourth quarter worth approximately $1,067,000. Finally, Ballew Advisors Inc purchased a new position in ProShares Short QQQ in the fourth quarter worth approximately $1,690,000.
Shares of ProShares Short QQQ (NYSEARCA PSQ) traded up $0.12 during trading on Monday, reaching $33.39. The company had a trading volume of 1,477,600 shares, compared to its average volume of 1,853,309. ProShares Short QQQ has a 52 week low of $32.42 and a 52 week high of $43.41.
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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.
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