LPL Financial LLC Trims Stake in ProShares Short QQQ (NYSEARCA:PSQ)

LPL Financial LLC lessened its position in ProShares Short QQQ (NYSEARCA:PSQ) by 28.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 85,531 shares of the company’s stock after selling 33,283 shares during the quarter. LPL Financial LLC’s holdings in ProShares Short QQQ were worth $3,199,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in PSQ. HighTower Advisors LLC purchased a new position in ProShares Short QQQ during the 3rd quarter valued at about $580,000. Eastern Bank increased its stake in shares of ProShares Short QQQ by 63.6% during the fourth quarter. Eastern Bank now owns 9,946 shares of the company’s stock valued at $372,000 after purchasing an additional 3,867 shares in the last quarter. RiverTree Advisors LLC bought a new position in shares of ProShares Short QQQ during the fourth quarter valued at approximately $222,000. Atomi Financial Group Inc. lifted its holdings in shares of ProShares Short QQQ by 3.7% during the fourth quarter. Atomi Financial Group Inc. now owns 60,261 shares of the company’s stock valued at $2,254,000 after purchasing an additional 2,149 shares during the last quarter. Finally, AFG Fiduciary Services Limited Partnership boosted its position in shares of ProShares Short QQQ by 347.6% in the 4th quarter. AFG Fiduciary Services Limited Partnership now owns 131,406 shares of the company’s stock worth $4,871,000 after purchasing an additional 102,050 shares in the last quarter.

ProShares Short QQQ Stock Performance

ProShares Short QQQ stock opened at $41.08 on Friday. The stock’s 50 day moving average is $39.21 and its 200 day moving average is $38.38. ProShares Short QQQ has a twelve month low of $35.57 and a twelve month high of $47.24.

ProShares Short QQQ Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were issued a dividend of $0.3415 per share. The ex-dividend date was Wednesday, March 26th.

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.