ProShares Short QQQ (NYSEARCA:PSQ) Shares Sold by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. reduced its stake in shares of ProShares Short QQQ (NYSEARCA:PSQ) by 87.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,425 shares of the company’s stock after selling 36,200 shares during the period. Pekin Hardy Strauss Inc.’s holdings in ProShares Short QQQ were worth $220,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Udine Wealth Management Inc. raised its stake in ProShares Short QQQ by 266.0% during the first quarter. Udine Wealth Management Inc. now owns 1,509,250 shares of the company’s stock worth $13,221,000 after purchasing an additional 1,096,888 shares during the period. IMC Chicago LLC acquired a new stake in shares of ProShares Short QQQ during the 1st quarter worth $9,151,000. Tower Research Capital LLC TRC raised its position in shares of ProShares Short QQQ by 361.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 421,298 shares of the company’s stock worth $3,994,000 after buying an additional 330,095 shares during the period. Advisory Services Network LLC boosted its holdings in ProShares Short QQQ by 59.2% in the fourth quarter. Advisory Services Network LLC now owns 718,410 shares of the company’s stock valued at $6,811,000 after acquiring an additional 267,066 shares during the last quarter. Finally, Wakefield Asset Management LLLP purchased a new stake in ProShares Short QQQ during the second quarter valued at about $8,697,000.

ProShares Short QQQ Stock Performance

ProShares Short QQQ stock opened at $41.50 on Thursday. ProShares Short QQQ has a 12 month low of $38.62 and a 12 month high of $57.24. The stock’s 50-day moving average is $41.64 and its 200-day moving average is $42.76.

ProShares Short QQQ 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.