PVG Asset Management Corp Acquires New Stake in ProShares Short QQQ $PSQ

PVG Asset Management Corp bought a new position in shares of ProShares Short QQQ (NYSEARCA:PSQ) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,568 shares of the company’s stock, valued at approximately $669,000. ProShares Short QQQ makes up approximately 2.5% of PVG Asset Management Corp’s investment portfolio, making the stock its 10th largest holding. PVG Asset Management Corp owned 0.12% of ProShares Short QQQ at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. UBS Group AG boosted its position in shares of ProShares Short QQQ by 119.4% in the 3rd quarter. UBS Group AG now owns 603,499 shares of the company’s stock valued at $18,733,000 after purchasing an additional 328,443 shares during the period. Stratos Wealth Advisors LLC acquired a new stake in ProShares Short QQQ during the 3rd quarter worth about $11,038,000. Arkadios Wealth Advisors raised its holdings in ProShares Short QQQ by 75.1% during the 3rd quarter. Arkadios Wealth Advisors now owns 211,484 shares of the company’s stock worth $6,564,000 after buying an additional 90,674 shares during the period. Wakefield Asset Management LLLP lifted its stake in ProShares Short QQQ by 29.5% during the third quarter. Wakefield Asset Management LLLP now owns 204,669 shares of the company’s stock valued at $6,353,000 after buying an additional 46,566 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in ProShares Short QQQ by 133.4% during the third quarter. Oppenheimer & Co. Inc. now owns 188,757 shares of the company’s stock valued at $5,859,000 after buying an additional 107,887 shares in the last quarter.

ProShares Short QQQ Trading Up 1.5%

Shares of PSQ opened at $31.44 on Thursday. The company has a 50-day moving average of $30.47 and a two-hundred day moving average of $30.69. ProShares Short QQQ has a one year low of $29.24 and a one year high of $46.98.

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. ProShares Short QQQ will not directly sell short the equity securities of issuers contained in the NASDAQ-100 Index.