Gunderson Capital Management LLC Invests $4.64 Million in ProShares Short QQQ $PSQ

Gunderson Capital Management LLC bought a new stake in shares of ProShares Short QQQ (NYSEARCA:PSQ) in the 1st quarter, Holdings Channel.com reports. The firm bought 144,169 shares of the company’s stock, valued at approximately $4,641,000. ProShares Short QQQ makes up approximately 1.9% of Gunderson Capital Management LLC’s holdings, making the stock its 26th largest position.

A number of other hedge funds have also recently bought and sold shares of the company. UBS Group AG raised its position in ProShares Short QQQ by 129.4% in the fourth quarter. UBS Group AG now owns 1,384,348 shares of the company’s stock worth $41,807,000 after acquiring an additional 780,849 shares in the last quarter. Jump Financial LLC acquired a new stake in ProShares Short QQQ in the 4th quarter valued at about $7,343,000. One Plus One Wealth Management LLC boosted its position in shares of ProShares Short QQQ by 64.9% during the 4th quarter. One Plus One Wealth Management LLC now owns 436,318 shares of the company’s stock valued at $13,177,000 after purchasing an additional 171,757 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in shares of ProShares Short QQQ during the 4th quarter valued at about $4,961,000. Finally, Whittier Trust Co. acquired a new position in shares of ProShares Short QQQ in the 4th quarter worth approximately $4,026,000.

ProShares Short QQQ Trading Up 1.5%

NYSEARCA PSQ opened at $26.13 on Friday. The company’s 50 day simple moving average is $26.47 and its 200 day simple moving average is $29.17. ProShares Short QQQ has a 12 month low of $24.96 and a 12 month high of $34.10.

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. ProShares Short QQQ will not directly sell short the equity securities of issuers contained in the NASDAQ-100 Index.