Stableford Capital II LLC Acquires New Stake in ProShares Short QQQ (NYSEARCA:PSQ)

Stableford Capital II LLC purchased a new position in shares of ProShares Short QQQ (NYSEARCA:PSQ) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 323,282 shares of the company’s stock, valued at approximately $12,091,000. ProShares Short QQQ makes up 4.8% of Stableford Capital II LLC’s portfolio, making the stock its 3rd biggest position. Stableford Capital II LLC owned approximately 2.61% of ProShares Short QQQ at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kaydan Wealth Management Inc. grew its holdings in ProShares Short QQQ by 99.8% during the third quarter. Kaydan Wealth Management Inc. now owns 286,688 shares of the company’s stock worth $11,307,000 after purchasing an additional 143,221 shares during the period. Mirador Capital Partners LP bought a new position in shares of ProShares Short QQQ during the 3rd quarter worth approximately $5,135,000. AFG Fiduciary Services Limited Partnership increased its holdings in shares of ProShares Short QQQ by 347.6% during the 4th quarter. AFG Fiduciary Services Limited Partnership now owns 131,406 shares of the company’s stock worth $4,871,000 after acquiring an additional 102,050 shares during the last quarter. SG Americas Securities LLC raised its stake in ProShares Short QQQ by 352.5% in the 4th quarter. SG Americas Securities LLC now owns 49,143 shares of the company’s stock valued at $1,838,000 after acquiring an additional 38,283 shares during the period. Finally, Clarity Financial LLC acquired a new stake in ProShares Short QQQ during the 3rd quarter valued at $1,490,000.

ProShares Short QQQ Price Performance

PSQ opened at $36.74 on Friday. ProShares Short QQQ has a fifty-two week low of $35.90 and a fifty-two week high of $47.24. The stock has a fifty day moving average of $37.09 and a 200-day moving average of $39.29.

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.