Wakefield Asset Management LLLP reduced its holdings in ProShares Short QQQ (NYSEARCA:PSQ – Free Report) by 46.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 110,054 shares of the company’s stock after selling 94,615 shares during the quarter. Wakefield Asset Management LLLP’s holdings in ProShares Short QQQ were worth $3,324,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of PSQ. UBS Group AG increased its holdings in shares of 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. Stratos Wealth Advisors LLC bought a new stake in shares of ProShares Short QQQ in the third quarter worth about $11,038,000. One Plus One Wealth Management LLC increased its holdings in shares of ProShares Short QQQ by 64.9% in the fourth quarter. One Plus One Wealth Management LLC now owns 436,318 shares of the company’s stock worth $13,177,000 after acquiring an additional 171,757 shares in the last quarter. Whittier Trust Co. bought a new stake in shares of ProShares Short QQQ in the fourth quarter worth about $4,026,000. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of ProShares Short QQQ by 133.4% in the third quarter. Oppenheimer & Co. Inc. now owns 188,757 shares of the company’s stock worth $5,859,000 after acquiring an additional 107,887 shares in the last quarter.
ProShares Short QQQ Stock Performance
Shares of ProShares Short QQQ stock opened at $26.30 on Friday. ProShares Short QQQ has a 1 year low of $25.82 and a 1 year high of $36.99. The business has a 50-day moving average of $29.80 and a two-hundred day moving average of $30.14.
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.
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