Oppenheimer & Co. Inc. Reduces Stock Holdings in ProShares Short QQQ (NYSEARCA:PSQ)

Oppenheimer & Co. Inc. lessened its position in shares of ProShares Short QQQ (NYSEARCA:PSQ) by 32.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 64,485 shares of the company’s stock after selling 31,154 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in ProShares Short QQQ were worth $2,543,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. One Plus One Wealth Management LLC raised its position in ProShares Short QQQ by 3.2% during the third quarter. One Plus One Wealth Management LLC now owns 346,647 shares of the company’s stock worth $13,672,000 after acquiring an additional 10,810 shares during the last quarter. Clarity Financial LLC acquired a new position in shares of ProShares Short QQQ during the 3rd quarter worth approximately $1,490,000. Leuthold Group LLC purchased a new stake in ProShares Short QQQ in the 3rd quarter valued at approximately $834,000. Hedges Asset Management LLC grew its holdings in ProShares Short QQQ by 37.9% during the 3rd quarter. Hedges Asset Management LLC now owns 92,500 shares of the company’s stock valued at $3,648,000 after buying an additional 25,400 shares during the last quarter. Finally, West Michigan Advisors LLC purchased a new position in ProShares Short QQQ during the third quarter worth $1,188,000.

ProShares Short QQQ Price Performance

NYSEARCA PSQ opened at $39.05 on Friday. ProShares Short QQQ has a fifty-two week low of $37.57 and a fifty-two week high of $51.55. The business has a fifty day moving average of $39.62 and a 200-day moving average of $41.15.

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.