Morgan Stanley Has $60.08 Million Position in ProShares Short QQQ (PSQ)

Morgan Stanley lifted its position in ProShares Short QQQ (NYSEARCA:PSQ) by 90.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,053,423 shares of the company’s stock after purchasing an additional 976,252 shares during the period. Morgan Stanley owned about 13.68% of ProShares Short QQQ worth $60,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SeaBridge Investment Advisors LLC acquired a new position in shares of ProShares Short QQQ in the 3rd quarter valued at $190,000. First Republic Investment Management Inc. acquired a new position in shares of ProShares Short QQQ in the 3rd quarter valued at $293,000. Dakota Wealth Management acquired a new position in shares of ProShares Short QQQ in the 3rd quarter valued at $460,000. Addison Capital Co acquired a new position in shares of ProShares Short QQQ in the 3rd quarter valued at $614,000. Finally, Wakefield Asset Management LLLP acquired a new position in shares of ProShares Short QQQ in the 3rd quarter valued at $1,485,000.

PSQ opened at $33.85 on Friday. ProShares Short QQQ has a 1 year low of $28.99 and a 1 year high of $37.22.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 3rd. Shareholders of record on Thursday, December 27th were given a dividend of $0.1065 per share. The ex-dividend date of this dividend was Wednesday, December 26th. This is a boost from ProShares Short QQQ’s previous quarterly dividend of $0.10. This represents a $0.43 dividend on an annualized basis and a yield of 1.26%.

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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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