UBS Group AG decreased its position in ProShares Short QQQ (NYSEARCA:PSQ) by 29.1% during the 2nd quarter, Holdings Channel reports. The firm owned 323,411 shares of the company’s stock after selling 132,701 shares during the quarter. UBS Group AG’s holdings in ProShares Short QQQ were worth $9,123,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Deane Retirement Strategies Inc. bought a new stake in ProShares Short QQQ during the 2nd quarter worth about $5,893,000. Juncture Wealth Strategies LLC grew its holdings in ProShares Short QQQ by 18.4% during the 2nd quarter. Juncture Wealth Strategies LLC now owns 60,913 shares of the company’s stock worth $1,718,000 after acquiring an additional 9,468 shares during the last quarter. Element Pointe Advisors LLC bought a new stake in ProShares Short QQQ during the 2nd quarter worth about $1,269,000. Almanack Investment Partners LLC. grew its holdings in ProShares Short QQQ by 37.7% during the 2nd quarter. Almanack Investment Partners LLC. now owns 12,362 shares of the company’s stock worth $350,000 after acquiring an additional 3,382 shares during the last quarter. Finally, Coastal Investment Advisors Inc. bought a new stake in ProShares Short QQQ during the 2nd quarter worth about $101,000.
Shares of NYSEARCA:PSQ opened at $28.24 on Wednesday. ProShares Short QQQ has a 12 month low of $26.99 and a 12 month high of $37.22. The company’s 50-day moving average price is $27.87 and its two-hundred day moving average price is $28.35.
The business also recently disclosed a — dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Thursday, September 26th were issued a dividend of $0.1146 per share. This represents a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, September 25th.
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.
Read More: Cost of Goods Sold (COGS)
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