Genesis Financial Group LLC Purchases New Position in ProShares UltraShort QQQ $QID

Genesis Financial Group LLC acquired a new stake in ProShares UltraShort QQQ (NYSEARCA:QID) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 223,590 shares of the exchange traded fund’s stock, valued at approximately $5,067,000. ProShares UltraShort QQQ accounts for approximately 3.2% of Genesis Financial Group LLC’s investment portfolio, making the stock its 11th biggest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Squarepoint Ops LLC boosted its position in shares of ProShares UltraShort QQQ by 137.3% in the second quarter. Squarepoint Ops LLC now owns 61,515 shares of the exchange traded fund’s stock worth $1,558,000 after buying an additional 35,595 shares during the period. Group One Trading LLC raised its holdings in shares of ProShares UltraShort QQQ by 1,051.2% during the 2nd quarter. Group One Trading LLC now owns 55,604 shares of the exchange traded fund’s stock valued at $1,408,000 after buying an additional 50,774 shares during the period. Two Sigma Securities LLC raised its holdings in shares of ProShares UltraShort QQQ by 87.0% during the 2nd quarter. Two Sigma Securities LLC now owns 17,370 shares of the exchange traded fund’s stock valued at $440,000 after buying an additional 8,082 shares during the period. Captrust Financial Advisors lifted its position in 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 worth $232,000 after acquiring an additional 1,228 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in ProShares UltraShort QQQ by 30.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 20,717 shares of the exchange traded fund’s stock worth $525,000 after acquiring an additional 4,803 shares in the last quarter.

ProShares UltraShort QQQ Stock Performance

NYSEARCA QID opened at $16.73 on Thursday. ProShares UltraShort QQQ has a fifty-two week low of $13.39 and a fifty-two week high of $25.54. The business has a 50 day moving average price of $14.47 and a two-hundred day moving average price of $17.85.

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.