Brown Advisory Inc. Decreases Stake in ProShares Short QQQ (PSQ)

Brown Advisory Inc. lowered its stake in ProShares Short QQQ (NYSEARCA:PSQ) by 44.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,750 shares of the company’s stock after selling 10,000 shares during the quarter. Brown Advisory Inc. owned about 0.10% of ProShares Short QQQ worth $405,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Juncture Wealth Strategies LLC grew its stake in shares of ProShares Short QQQ by 15.7% in the second quarter. Juncture Wealth Strategies LLC now owns 69,359 shares of the company’s stock valued at $2,203,000 after buying an additional 9,414 shares in the last quarter. Wells Fargo & Company MN grew its stake in ProShares Short QQQ by 119.5% during the 1st quarter. Wells Fargo & Company MN now owns 790,461 shares of the company’s stock valued at $27,018,000 after purchasing an additional 430,311 shares in the last quarter. Berkeley Capital Partners LLC acquired a new stake in ProShares Short QQQ during the 2nd quarter valued at approximately $4,322,000. Exane Derivatives acquired a new stake in ProShares Short QQQ during the 2nd quarter valued at approximately $254,000. Finally, Sicart Associates LLC acquired a new stake in ProShares Short QQQ during the 2nd quarter valued at approximately $394,000.

NYSEARCA PSQ traded up $0.36 during mid-day trading on Friday, reaching $30.17. 2,671,156 shares of the company’s stock traded hands, compared to its average volume of 1,474,421. ProShares Short QQQ has a 1-year low of $28.99 and a 1-year high of $37.93.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 3rd. Shareholders of record on Thursday, September 27th were paid a dividend of $0.102 per share. This represents a $0.41 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Wednesday, September 26th. This is a positive change from ProShares Short QQQ’s previous quarterly dividend of $0.04.

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.

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Institutional Ownership by Quarter for ProShares Short QQQ (NYSEARCA:PSQ)

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