Eastern Bank Cuts Holdings in ProShares UltraShort QQQ $QID

Eastern Bank lessened its stake in shares of ProShares UltraShort QQQ (NYSEARCA:QID) by 10.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,050 shares of the exchange traded fund’s stock after selling 594 shares during the quarter. Eastern Bank’s holdings in ProShares UltraShort QQQ were worth $128,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC grew its holdings in ProShares UltraShort QQQ by 60,527.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 53,600,614 shares of the exchange traded fund’s stock valued at $1,357,168,000 after buying an additional 53,512,204 shares during the last quarter. Jump Financial LLC grew its holdings in ProShares UltraShort QQQ by 1,524.4% during the 1st quarter. Jump Financial LLC now owns 567,660 shares of the exchange traded fund’s stock valued at $21,622,000 after buying an additional 532,714 shares during the last quarter. Benjamin Edwards Inc. acquired a new stake in ProShares UltraShort QQQ during the 1st quarter valued at $2,359,000. DRW Securities LLC acquired a new stake in ProShares UltraShort QQQ during the 1st quarter valued at $1,831,000. Finally, Western Pacific Wealth Management LP grew its holdings in ProShares UltraShort QQQ by 775.0% during the 1st quarter. Western Pacific Wealth Management LP now owns 17,500 shares of the exchange traded fund’s stock valued at $667,000 after buying an additional 15,500 shares during the last quarter.

ProShares UltraShort QQQ Trading Up 7.0%

Shares of NYSEARCA:QID opened at $22.33 on Monday. The business’s fifty day moving average price is $22.90 and its two-hundred day moving average price is $27.91. ProShares UltraShort QQQ has a one year low of $20.71 and a one year high of $50.45.

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.