Private Harbour Investment Management & Counsel LLC Reduces Holdings in ProShares Short QQQ (NYSEARCA:PSQ)

Private Harbour Investment Management & Counsel LLC lowered its stake in ProShares Short QQQ (NYSEARCA:PSQ) by 4.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 62,625 shares of the company’s stock after selling 2,863 shares during the period. ProShares Short QQQ makes up approximately 2.6% of Private Harbour Investment Management & Counsel LLC’s portfolio, making the stock its 13th largest position. Private Harbour Investment Management & Counsel LLC’s holdings in ProShares Short QQQ were worth $2,342,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Simplex Trading LLC raised its position in shares of ProShares Short QQQ by 36.6% in the fourth quarter. Simplex Trading LLC now owns 455,468 shares of the company’s stock valued at $17,034,000 after buying an additional 121,932 shares during the last quarter. Stableford Capital II LLC acquired a new position in ProShares Short QQQ in the 4th quarter valued at $12,091,000. Leuthold Group LLC lifted its stake in shares of ProShares Short QQQ by 1,230.3% during the 4th quarter. Leuthold Group LLC now owns 281,394 shares of the company’s stock worth $10,524,000 after purchasing an additional 260,242 shares during the period. AFG Fiduciary Services Limited Partnership boosted its holdings in shares of ProShares Short QQQ by 347.6% during the fourth quarter. AFG Fiduciary Services Limited Partnership now owns 131,406 shares of the company’s stock worth $4,871,000 after purchasing an additional 102,050 shares during the last quarter. Finally, Hedges Asset Management LLC boosted its holdings in shares of ProShares Short QQQ by 3.5% during the fourth quarter. Hedges Asset Management LLC now owns 95,700 shares of the company’s stock worth $3,579,000 after purchasing an additional 3,200 shares during the last quarter.

ProShares Short QQQ Trading Down 0.6 %

ProShares Short QQQ stock opened at $38.96 on Wednesday. The stock has a fifty day moving average price of $37.68 and a 200 day moving average price of $38.28. ProShares Short QQQ has a 52 week low of $35.57 and a 52 week 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.