Oppenheimer & Co. Inc. lowered its stake in ProShares Short QQQ (NYSEARCA:PSQ – Free Report) by 29.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,722 shares of the company’s stock after selling 18,763 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in ProShares Short QQQ were worth $1,710,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Spire Wealth Management purchased a new stake in shares of ProShares Short QQQ during the 4th quarter valued at about $101,000. Auour Investments LLC purchased a new stake in shares of ProShares Short QQQ during the 4th quarter valued at about $204,000. RiverTree Advisors LLC purchased a new stake in shares of ProShares Short QQQ during the 4th quarter valued at about $222,000. Mutual Advisors LLC purchased a new stake in shares of ProShares Short QQQ during the 4th quarter valued at about $368,000. Finally, Eastern Bank increased its position in shares of ProShares Short QQQ by 63.6% during the 4th quarter. Eastern Bank now owns 9,946 shares of the company’s stock valued at $372,000 after purchasing an additional 3,867 shares during the last quarter.
ProShares Short QQQ Stock Up 2.1 %
NYSEARCA PSQ opened at $38.69 on Tuesday. The company has a 50-day moving average price of $36.74 and a 200-day moving average price of $38.46. ProShares Short QQQ has a 52 week low of $35.57 and a 52 week high of $47.24.
ProShares Short QQQ 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.
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