U.S. Capital Wealth Advisors LLC Invests $861,000 in ProShares Short QQQ $PSQ

U.S. Capital Wealth Advisors LLC acquired a new position in shares of ProShares Short QQQ (NYSEARCA:PSQ) in the fourth quarter, HoldingsChannel reports. The fund acquired 28,500 shares of the company’s stock, valued at approximately $861,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in ProShares Short QQQ by 190.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,959 shares of the company’s stock valued at $268,000 after purchasing an additional 5,216 shares in the last quarter. Squarepoint Ops LLC increased its holdings in ProShares Short QQQ by 63.1% in the 2nd quarter. Squarepoint Ops LLC now owns 116,318 shares of the company’s stock valued at $3,915,000 after purchasing an additional 44,998 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in ProShares Short QQQ by 2,358.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 885 shares of the company’s stock valued at $30,000 after purchasing an additional 849 shares in the last quarter. Two Sigma Securities LLC increased its holdings in ProShares Short QQQ by 3.2% in the 2nd quarter. Two Sigma Securities LLC now owns 28,102 shares of the company’s stock valued at $946,000 after purchasing an additional 867 shares in the last quarter. Finally, Corient Private Wealth LLC acquired a new stake in ProShares Short QQQ in the 2nd quarter valued at $427,000.

ProShares Short QQQ Trading Down 1.4%

Shares of NYSEARCA PSQ opened at $29.18 on Thursday. ProShares Short QQQ has a 12-month low of $29.16 and a 12-month high of $43.58. The stock has a fifty day moving average price of $31.09 and a 200 day moving average price of $30.60.

ProShares Short QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th were issued a $0.1536 dividend. This represents a $0.61 annualized dividend and a yield of 2.1%. The ex-dividend date was Wednesday, March 25th.

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.