Maltin Wealth Management Inc. Has $716,000 Stock Position in ProShares Short QQQ $PSQ

Maltin Wealth Management Inc. boosted its holdings in ProShares Short QQQ (NYSEARCA:PSQ) by 254.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,711 shares of the company’s stock after purchasing an additional 17,015 shares during the quarter. Maltin Wealth Management Inc. owned about 0.14% of ProShares Short QQQ worth $716,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PSQ. UBS Group AG boosted its holdings in shares of ProShares Short QQQ by 119.4% during the 3rd quarter. UBS Group AG now owns 603,499 shares of the company’s stock worth $18,733,000 after buying an additional 328,443 shares in the last quarter. One Plus One Wealth Management LLC lifted its position in shares of ProShares Short QQQ by 64.9% during the 4th quarter. One Plus One Wealth Management LLC now owns 436,318 shares of the company’s stock valued at $13,177,000 after acquiring an additional 171,757 shares during the period. Stratos Wealth Advisors LLC bought a new position in ProShares Short QQQ during the third quarter worth $11,038,000. Arkadios Wealth Advisors boosted its stake in ProShares Short QQQ by 75.1% during the third quarter. Arkadios Wealth Advisors now owns 211,484 shares of the company’s stock worth $6,564,000 after acquiring an additional 90,674 shares in the last quarter. Finally, Wakefield Asset Management LLLP grew its holdings in ProShares Short QQQ by 29.5% in the third quarter. Wakefield Asset Management LLLP now owns 204,669 shares of the company’s stock worth $6,353,000 after purchasing an additional 46,566 shares during the period.

ProShares Short QQQ Trading Down 3.4%

Shares of NYSEARCA PSQ opened at $32.19 on Wednesday. The firm’s 50-day moving average price is $30.89 and its 200-day moving average price is $30.65. ProShares Short QQQ has a 1-year low of $29.24 and a 1-year high of $46.98.

ProShares Short QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were issued a $0.1536 dividend. The ex-dividend date was Wednesday, March 25th. This represents a $0.61 annualized dividend and a yield of 1.9%.

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.