IMC Chicago LLC acquired a new position in ProShares UltraShort QQQ (NYSEARCA:QID – Free Report) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 101,515 shares of the exchange traded fund’s stock, valued at approximately $2,300,000.
A number of other large investors have also recently bought and sold shares of QID. Farther Finance Advisors LLC acquired a new stake in shares of ProShares UltraShort QQQ in the fourth quarter worth about $48,000. Captrust Financial Advisors increased its holdings in shares of ProShares UltraShort QQQ by 15.5% during the 2nd quarter. Captrust Financial Advisors now owns 9,152 shares of the exchange traded fund’s stock valued at $232,000 after acquiring an additional 1,228 shares during the last quarter. Werba Rubin Papier Wealth Management bought a new position in shares of ProShares UltraShort QQQ in the 4th quarter valued at approximately $283,000. Sierra Capital LLC bought a new position in shares of ProShares UltraShort QQQ in the 4th quarter valued at approximately $288,000. Finally, Integrated Advisors Network LLC bought a new position in shares of ProShares UltraShort QQQ in the 1st quarter valued at approximately $421,000.
ProShares UltraShort QQQ Stock Performance
QID opened at $14.23 on Thursday. The business has a 50 day moving average price of $14.39 and a 200 day moving average price of $18.16. ProShares UltraShort QQQ has a twelve month low of $13.39 and a twelve month high of $25.54.
ProShares UltraShort QQQ Company Profile
ProShares UltraShort QQQ (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the NASDAQ-100 Index (the Index). The NASDAQ-100 Index includes 100 of the largest domestic and international non-financial companies listed on The NASDAQ Stock Market based on market capitalization. The Index reflects companies across industry groups, including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology.
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Want to see what other hedge funds are holding QID? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraShort QQQ (NYSEARCA:QID – Free Report).
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