B. Riley Wealth Advisors Inc. lessened its holdings in shares of ProShares UltraShort QQQ (NYSEARCA:QID – Get Rating) by 35.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 63,905 shares of the exchange traded fund’s stock after selling 34,761 shares during the quarter. B. Riley Wealth Advisors Inc. owned about 0.36% of ProShares UltraShort QQQ worth $1,753,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in QID. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in ProShares UltraShort QQQ in the 1st quarter worth approximately $28,000. Advisor Group Holdings Inc. bought a new stake in ProShares UltraShort QQQ in the 1st quarter worth approximately $32,000. Citigroup Inc. increased its stake in ProShares UltraShort QQQ by 212.5% in the 1st quarter. Citigroup Inc. now owns 2,500 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 1,700 shares during the last quarter. Royal Bank of Canada bought a new stake in ProShares UltraShort QQQ in the 3rd quarter worth approximately $56,000. Finally, UBS Group AG increased its stake in ProShares UltraShort QQQ by 125.4% in the 2nd quarter. UBS Group AG now owns 2,822 shares of the exchange traded fund’s stock worth $74,000 after acquiring an additional 1,570 shares during the last quarter.
ProShares UltraShort QQQ Stock Up 1.1 %
NYSEARCA:QID opened at $19.56 on Friday. ProShares UltraShort QQQ has a 1 year low of $16.56 and a 1 year high of $29.98. The stock’s 50 day simple moving average is $21.24 and its two-hundred day simple moving average is $23.43.
About ProShares UltraShort QQQ
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.
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