Stratos Wealth Advisors LLC Invests $11.04 Million in ProShares Short QQQ $PSQ

Stratos Wealth Advisors LLC bought a new stake in shares of ProShares Short QQQ (NYSEARCA:PSQ) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 355,620 shares of the company’s stock, valued at approximately $11,038,000. Stratos Wealth Advisors LLC owned approximately 1.99% of ProShares Short QQQ as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Arkadios Wealth Advisors bought a new position in ProShares Short QQQ during the second quarter valued at $4,066,000. Oppenheimer & Co. Inc. increased its holdings in shares of ProShares Short QQQ by 133.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 188,757 shares of the company’s stock worth $5,859,000 after buying an additional 107,887 shares during the last quarter. Sterling Investment Management LLC purchased a new stake in shares of ProShares Short QQQ during the 2nd quarter valued at about $2,605,000. AFG Fiduciary Services Limited Partnership raised its position in shares of ProShares Short QQQ by 116.3% during the 3rd quarter. AFG Fiduciary Services Limited Partnership now owns 142,261 shares of the company’s stock valued at $4,396,000 after buying an additional 76,502 shares in the last quarter. Finally, Wakefield Asset Management LLLP lifted its holdings in shares of ProShares Short QQQ by 87.9% in the 2nd quarter. Wakefield Asset Management LLLP now owns 158,103 shares of the company’s stock valued at $5,324,000 after acquiring an additional 73,948 shares during the last quarter.

ProShares Short QQQ Trading Up 0.5%

PSQ opened at $30.47 on Wednesday. The stock has a 50-day moving average of $30.11 and a 200 day moving average of $31.03. ProShares Short QQQ has a 12 month low of $29.24 and a 12 month high of $46.98.

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. ProShares Short QQQ will not directly sell short the equity securities of issuers contained in the NASDAQ-100 Index.