Hedges Asset Management LLC Raises Stock Position in ProShares Short QQQ (NYSEARCA:PSQ)

Hedges Asset Management LLC raised its holdings in ProShares Short QQQ (NYSEARCA:PSQ) by 37.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 92,500 shares of the company’s stock after acquiring an additional 25,400 shares during the quarter. ProShares Short QQQ comprises 2.4% of Hedges Asset Management LLC’s portfolio, making the stock its 8th largest position. Hedges Asset Management LLC owned approximately 0.75% of ProShares Short QQQ worth $3,648,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in shares of ProShares Short QQQ by 85.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,630 shares of the company’s stock valued at $44,000 after acquiring an additional 2,130 shares during the period. Auour Investments LLC acquired a new position in shares of ProShares Short QQQ in the 1st quarter valued at $90,000. Lesa Sroufe & Co increased its position in shares of ProShares Short QQQ by 1.7% in the 1st quarter. Lesa Sroufe & Co now owns 204,069 shares of the company’s stock valued at $1,788,000 after buying an additional 3,425 shares in the last quarter. Oxbow Advisors LLC lifted its holdings in ProShares Short QQQ by 0.9% during the first quarter. Oxbow Advisors LLC now owns 53,490 shares of the company’s stock worth $469,000 after acquiring an additional 495 shares in the last quarter. Finally, Advisory Services Network LLC lifted its holdings in ProShares Short QQQ by 12.8% during the first quarter. Advisory Services Network LLC now owns 810,060 shares of the company’s stock worth $7,096,000 after acquiring an additional 91,650 shares in the last quarter.

ProShares Short QQQ Trading Down 0.5 %

NYSEARCA:PSQ opened at $39.05 on Monday. The business’s 50-day simple moving average is $40.43 and its 200-day simple moving average is $41.85. ProShares Short QQQ has a fifty-two week low of $38.62 and a fifty-two week high of $57.24.

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.