Oppenheimer & Co. Inc. Cuts Stock Position in ProShares Short QQQ $PSQ

Oppenheimer & Co. Inc. lessened its stake in shares of ProShares Short QQQ (NYSEARCA:PSQ) by 79.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,471 shares of the company’s stock after selling 150,286 shares during the period. Oppenheimer & Co. Inc. owned approximately 0.22% of ProShares Short QQQ worth $1,162,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its stake in shares of ProShares Short QQQ by 2,358.3% in the second quarter. BNP Paribas Financial Markets now owns 885 shares of the company’s stock worth $30,000 after acquiring an additional 849 shares during the last quarter. ORG Partners LLC increased its holdings 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 valued at $31,000 after acquiring an additional 559 shares in the last quarter. Union Bancaire Privee UBP SA raised its position in shares of ProShares Short QQQ by 66.7% in the 4th quarter. Union Bancaire Privee UBP SA now owns 5,000 shares of the company’s stock worth $151,000 after purchasing an additional 2,000 shares during the last quarter. Auour Investments LLC raised its position in shares of ProShares Short QQQ by 15.6% in the 3rd quarter. Auour Investments LLC now owns 7,652 shares of the company’s stock worth $238,000 after purchasing an additional 1,030 shares during the last quarter. Finally, CPR Investments Inc. bought a new position in ProShares Short QQQ in the 4th quarter worth about $257,000.

ProShares Short QQQ Price Performance

Shares of PSQ stock opened at $26.78 on Thursday. ProShares Short QQQ has a one year low of $26.77 and a one year high of $39.17. The company’s 50-day moving average is $30.42 and its 200 day moving average is $30.35.

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.