ProShares Short QQQ (NYSEARCA:PSQ) is Hedges Asset Management LLC’s 8th Largest Position

Hedges Asset Management LLC raised its stake in shares of ProShares Short QQQ (NYSEARCA:PSQ) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,700 shares of the company’s stock after purchasing an additional 3,200 shares during the period. ProShares Short QQQ accounts for 2.4% of Hedges Asset Management LLC’s holdings, making the stock its 8th biggest position. Hedges Asset Management LLC owned about 0.77% of ProShares Short QQQ worth $3,579,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of PSQ. One Plus One Wealth Management LLC lifted its holdings in ProShares Short QQQ by 3.2% in the 3rd quarter. One Plus One Wealth Management LLC now owns 346,647 shares of the company’s stock valued at $13,672,000 after purchasing an additional 10,810 shares in the last quarter. Kaydan Wealth Management Inc. raised its position in shares of ProShares Short QQQ by 99.8% in the third quarter. Kaydan Wealth Management Inc. now owns 286,688 shares of the company’s stock valued at $11,307,000 after buying an additional 143,221 shares during the last quarter. AFG Fiduciary Services Limited Partnership lifted its stake in shares of ProShares Short QQQ by 347.6% in the fourth quarter. AFG Fiduciary Services Limited Partnership now owns 131,406 shares of the company’s stock worth $4,871,000 after buying an additional 102,050 shares in the last quarter. Mirador Capital Partners LP acquired a new position in ProShares Short QQQ during the third quarter worth about $5,135,000. Finally, Atomi Financial Group Inc. grew its stake in ProShares Short QQQ by 3.7% during the 4th quarter. Atomi Financial Group Inc. now owns 60,261 shares of the company’s stock valued at $2,254,000 after acquiring an additional 2,149 shares in the last quarter.

ProShares Short QQQ Price Performance

PSQ opened at $35.98 on Friday. The company’s 50 day simple moving average is $37.36 and its two-hundred day simple moving average is $39.42. ProShares Short QQQ has a 1-year low of $35.90 and a 1-year 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.