Simplex Trading LLC Sells 39,206 Shares of ProShares UltraShort QQQ $QID

Simplex Trading LLC reduced its position in shares of ProShares UltraShort QQQ (NYSEARCA:QID) by 98.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 730 shares of the exchange traded fund’s stock after selling 39,206 shares during the quarter. Simplex Trading LLC’s holdings in ProShares UltraShort QQQ were worth $27,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. bought a new stake in ProShares UltraShort QQQ during the 4th quarter valued at about $42,000. Eastern Bank purchased a new position in shares of ProShares UltraShort QQQ in the first quarter worth approximately $215,000. Avior Wealth Management LLC purchased a new position in shares of ProShares UltraShort QQQ in the first quarter worth approximately $293,000. WESPAC Advisors SoCal LLC purchased a new position in ProShares UltraShort QQQ during the first quarter valued at approximately $477,000. Finally, Pacific Point Advisors LLC purchased a new position in ProShares UltraShort QQQ during the first quarter valued at approximately $571,000.

ProShares UltraShort QQQ Stock Up 0.6%

Shares of NYSEARCA:QID opened at $23.96 on Tuesday. ProShares UltraShort QQQ has a 1-year low of $22.86 and a 1-year high of $50.45. The firm’s 50 day simple moving average is $24.89 and its two-hundred day simple moving average is $30.65.

ProShares UltraShort QQQ 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.