ProShares Short QQQ (NYSEARCA:PSQ) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. trimmed its holdings in ProShares Short QQQ (NYSEARCA:PSQ) by 32.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,485 shares of the company’s stock after selling 31,154 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.52% of ProShares Short QQQ worth $2,543,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Wakefield Asset Management LLLP acquired a new position in ProShares Short QQQ during the second quarter worth approximately $8,697,000. Kaydan Wealth Management Inc. raised its position in ProShares Short QQQ by 99.8% in the 3rd quarter. Kaydan Wealth Management Inc. now owns 286,688 shares of the company’s stock valued at $11,307,000 after purchasing an additional 143,221 shares during the last quarter. Mirador Capital Partners LP acquired a new stake in ProShares Short QQQ during the 3rd quarter worth $5,135,000. TAP Consulting LLC purchased a new position in ProShares Short QQQ during the 2nd quarter worth $5,228,000. Finally, B. Riley Wealth Advisors Inc. increased its stake in ProShares Short QQQ by 29.9% in the first quarter. B. Riley Wealth Advisors Inc. now owns 431,457 shares of the company’s stock valued at $3,780,000 after purchasing an additional 99,313 shares during the period.

ProShares Short QQQ Trading Up 2.5 %

Shares of 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 firm has a 50-day simple moving average of $39.62 and a 200-day simple moving average of $41.15.

About ProShares Short QQQ

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.