Wakefield Asset Management LLLP Takes $8.70 Million Position in ProShares Short QQQ (NYSEARCA:PSQ)

Wakefield Asset Management LLLP bought a new stake in ProShares Short QQQ (NYSEARCA:PSQ) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 214,646 shares of the company’s stock, valued at approximately $8,697,000. ProShares Short QQQ makes up approximately 3.0% of Wakefield Asset Management LLLP’s investment portfolio, making the stock its 3rd largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in PSQ. Jump Financial LLC acquired a new stake in shares of ProShares Short QQQ in the 4th quarter valued at $21,274,000. Udine Wealth Management Inc. raised its holdings in shares of ProShares Short QQQ by 266.0% in the first quarter. Udine Wealth Management Inc. now owns 1,509,250 shares of the company’s stock valued at $13,221,000 after buying an additional 1,096,888 shares during the last quarter. IMC Chicago LLC bought a new position in shares of ProShares Short QQQ in the first quarter valued at about $9,151,000. Tower Research Capital LLC TRC raised its holdings in shares of ProShares Short QQQ by 361.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 421,298 shares of the company’s stock valued at $3,994,000 after buying an additional 330,095 shares during the last quarter. Finally, Advisory Services Network LLC raised its holdings in shares of 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 buying an additional 267,066 shares during the last quarter.

ProShares Short QQQ Stock Up 2.7 %

ProShares Short QQQ stock opened at $43.51 on Friday. The stock has a 50-day simple moving average of $41.27 and a 200 day simple moving average of $42.96. ProShares Short QQQ has a 12-month low of $38.62 and a 12-month high of $57.24.

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.