Wakefield Asset Management LLLP Sells 94,615 Shares of ProShares Short QQQ $PSQ

Wakefield Asset Management LLLP lessened its stake in ProShares Short QQQ (NYSEARCA:PSQ) by 46.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,054 shares of the company’s stock after selling 94,615 shares during the quarter. Wakefield Asset Management LLLP owned about 0.63% of ProShares Short QQQ worth $3,324,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. UBS Group AG increased its holdings 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 valued at $41,807,000 after purchasing an additional 780,849 shares during the last quarter. One Plus One Wealth Management LLC increased its holdings in 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 valued at $13,177,000 after purchasing an additional 171,757 shares during the last quarter. Stratos Wealth Advisors LLC bought a new stake in ProShares Short QQQ in the third quarter valued at about $11,038,000. Arkadios Wealth Advisors increased its holdings in ProShares Short QQQ by 75.1% in the third quarter. Arkadios Wealth Advisors now owns 211,484 shares of the company’s stock valued at $6,564,000 after purchasing an additional 90,674 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in ProShares Short QQQ by 133.4% in the third quarter. Oppenheimer & Co. Inc. now owns 188,757 shares of the company’s stock valued at $5,859,000 after purchasing an additional 107,887 shares during the last quarter.

ProShares Short QQQ Trading Up 1.5%

NYSEARCA PSQ opened at $26.30 on Friday. The stock has a 50-day simple moving average of $29.80 and a 200 day simple moving average of $30.14. ProShares Short QQQ has a 12 month low of $25.82 and a 12 month high of $36.99.

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.