D. Scott Neal Inc. Cuts Position in ProShares Short QQQ (NYSEARCA:PSQ)

D. Scott Neal Inc. trimmed its stake in ProShares Short QQQ (NYSEARCA:PSQ – Get Rating) by 0.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,241,680 shares of the company’s stock after selling 13,509 shares during the quarter. ProShares Short QQQ makes up about 37.5% of D. Scott Neal Inc.’s investment portfolio, making the stock its largest holding. D. Scott Neal Inc.’s holdings in ProShares Short QQQ were worth $77,158,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Brookstone Capital Management raised its stake in shares of ProShares Short QQQ by 68.1% during the fourth quarter. Brookstone Capital Management now owns 159,114 shares of the company’s stock valued at $2,321,000 after purchasing an additional 64,440 shares in the last quarter. Silverleafe Capital Partners LLC raised its stake in shares of ProShares Short QQQ by 215.9% during the fourth quarter. Silverleafe Capital Partners LLC now owns 577,049 shares of the company’s stock valued at $8,494,000 after purchasing an additional 394,364 shares in the last quarter. IHT Wealth Management LLC bought a new stake in shares of ProShares Short QQQ during the third quarter valued at about $250,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of ProShares Short QQQ during the third quarter valued at about $3,362,000. Finally, Captrust Financial Advisors bought a new stake in shares of ProShares Short QQQ during the third quarter valued at about $516,000.

ProShares Short QQQ Stock Performance

Shares of NYSEARCA PSQ opened at $12.90 on Friday. ProShares Short QQQ has a fifty-two week low of $11.27 and a fifty-two week high of $15.63. The firm’s 50-day simple moving average is $13.37 and its 200 day simple moving average is $13.91.

ProShares Short QQQ Profile

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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.