ProShares UltraShort QQQ (NYSEARCA:QID – Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.14 and traded as high as $21.31. ProShares UltraShort QQQ shares last traded at $21.14, with a volume of 14,560,410 shares traded.
ProShares UltraShort QQQ Stock Performance
The company has a 50-day moving average of $20.16 and a 200-day moving average of $21.14.
Institutional Trading of ProShares UltraShort QQQ
A number of large investors have recently made changes to their positions in the stock. Hamilton Wealth LLC acquired a new position in ProShares UltraShort QQQ in the 4th quarter valued at about $1,103,000. Axxcess Wealth Management LLC grew its holdings in shares of ProShares UltraShort QQQ by 22.0% during the fourth quarter. Axxcess Wealth Management LLC now owns 65,068 shares of the exchange traded fund’s stock worth $1,314,000 after buying an additional 11,721 shares in the last quarter. Sierra Capital LLC acquired a new position in shares of ProShares UltraShort QQQ in the fourth quarter valued at approximately $288,000. Quadrature Capital Ltd purchased a new position in shares of ProShares UltraShort QQQ during the fourth quarter valued at approximately $1,427,000. Finally, Jump Financial LLC purchased a new position in shares of ProShares UltraShort QQQ during the fourth quarter valued at approximately $2,157,000.
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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