One Plus One Wealth Management LLC Increases Stake in ProShares Short QQQ $PSQ

One Plus One Wealth Management LLC raised its position in shares of ProShares Short QQQ (NYSEARCA:PSQ) by 64.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 436,318 shares of the company’s stock after purchasing an additional 171,757 shares during the quarter. ProShares Short QQQ accounts for approximately 6.1% of One Plus One Wealth Management LLC’s portfolio, making the stock its 3rd biggest holding. One Plus One Wealth Management LLC’s holdings in ProShares Short QQQ were worth $13,177,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PSQ. BNP Paribas Financial Markets boosted its stake in shares of ProShares Short QQQ by 2,358.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 885 shares of the company’s stock valued at $30,000 after purchasing an additional 849 shares during the last quarter. ORG Partners LLC increased its position in shares of ProShares Short QQQ by 120.0% during the fourth quarter. ORG Partners LLC now owns 1,025 shares of the company’s stock worth $31,000 after buying an additional 559 shares during the period. PNC Financial Services Group Inc. raised its stake in ProShares Short QQQ by 146.7% during the second quarter. PNC Financial Services Group Inc. now owns 1,517 shares of the company’s stock worth $51,000 after buying an additional 902 shares during the last quarter. Union Bancaire Privee UBP SA raised its stake in ProShares Short QQQ by 200.0% during the third quarter. Union Bancaire Privee UBP SA now owns 3,000 shares of the company’s stock worth $93,000 after buying an additional 2,000 shares during the last quarter. Finally, Auour Investments LLC lifted its holdings in ProShares Short QQQ by 15.6% in the third quarter. Auour Investments LLC now owns 7,652 shares of the company’s stock valued at $238,000 after buying an additional 1,030 shares during the period.

ProShares Short QQQ Stock Up 0.8%

Shares of PSQ opened at $33.31 on Tuesday. The firm’s fifty day simple moving average is $30.85 and its two-hundred day simple moving average is $30.65. ProShares Short QQQ has a 12 month low of $29.24 and a 12 month high of $46.98.

ProShares Short QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be paid a $0.1536 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, March 25th.

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