ProShares Short QQQ $PSQ Shares Sold by One Plus One Wealth Management LLC

One Plus One Wealth Management LLC cut its holdings in shares of ProShares Short QQQ (NYSEARCA:PSQ) by 10.8% during the third quarter, HoldingsChannel.com reports. The firm owned 264,561 shares of the company’s stock after selling 31,912 shares during the quarter. ProShares Short QQQ makes up 4.0% of One Plus One Wealth Management LLC’s portfolio, making the stock its 4th biggest position. One Plus One Wealth Management LLC’s holdings in ProShares Short QQQ were worth $8,212,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Ballew Advisors Inc acquired a new stake in shares of ProShares Short QQQ during the 3rd quarter worth approximately $1,108,000. Sheets Smith Investment Management bought a new position in ProShares Short QQQ in the third quarter valued at approximately $669,000. Hedges Asset Management LLC grew its holdings in ProShares Short QQQ by 7.0% during the 3rd quarter. Hedges Asset Management LLC now owns 71,900 shares of the company’s stock worth $2,232,000 after acquiring an additional 4,700 shares during the period. Union Bancaire Privee UBP SA raised its position in shares of ProShares Short QQQ by 200.0% during the 3rd quarter. Union Bancaire Privee UBP SA now owns 3,000 shares of the company’s stock valued at $93,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Corient Private Wealth LLC acquired a new position in shares of ProShares Short QQQ in the 2nd quarter valued at $427,000.

ProShares Short QQQ Stock Performance

NYSEARCA:PSQ opened at $29.72 on Friday. ProShares Short QQQ has a 12-month low of $29.34 and a 12-month high of $46.98. The stock’s fifty day simple moving average is $30.38 and its 200-day simple moving average is $31.97.

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.