One Plus One Wealth Management LLC raised its position in shares of ProShares Short QQQ (NYSEARCA:PSQ – Free Report) by 22.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 533,840 shares of the company’s stock after purchasing an additional 97,522 shares during the quarter. ProShares Short QQQ accounts for approximately 7.2% of One Plus One Wealth Management LLC’s holdings, making the stock its 2nd biggest position. One Plus One Wealth Management LLC owned about 2.26% of ProShares Short QQQ worth $17,184,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in PSQ. ORG Partners LLC lifted its stake in shares of ProShares Short QQQ by 120.0% in the 4th quarter. ORG Partners LLC now owns 1,025 shares of the company’s stock worth $31,000 after purchasing an additional 559 shares during the period. BNP Paribas Financial Markets increased its holdings in ProShares Short QQQ by 2,358.3% during the second quarter. BNP Paribas Financial Markets now owns 885 shares of the company’s stock valued at $30,000 after buying an additional 849 shares during the last quarter. Two Sigma Securities LLC increased its holdings in ProShares Short QQQ by 3.2% during the second quarter. Two Sigma Securities LLC now owns 28,102 shares of the company’s stock valued at $946,000 after buying an additional 867 shares during the last quarter. Auour Investments LLC raised its position in ProShares Short QQQ by 14.3% in the first quarter. Auour Investments LLC now owns 12,646 shares of the company’s stock worth $407,000 after acquiring an additional 1,583 shares during the period. Finally, Litman Gregory Wealth Management LLC bought a new position in ProShares Short QQQ in the fourth quarter worth approximately $51,000.
ProShares Short QQQ Trading Down 0.4%
Shares of ProShares Short QQQ stock opened at $25.95 on Thursday. ProShares Short QQQ has a 1-year low of $24.96 and a 1-year high of $34.40. The company’s fifty day simple moving average is $26.61 and its 200-day simple moving average is $29.22.
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. ProShares Short QQQ will not directly sell short the equity securities of issuers contained in the NASDAQ-100 Index.
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