Tower Research Capital LLC TRC bought a new stake in shares of ProShares UltraShort QQQ (NYSEARCA:QID) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 103,840 shares of the exchange traded fund’s stock, valued at approximately $1,813,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Partnervest Advisory Services LLC bought a new stake in ProShares UltraShort QQQ during the 2nd quarter valued at approximately $175,000. K.J. Harrison & Partners Inc bought a new stake in ProShares UltraShort QQQ during the 2nd quarter valued at approximately $175,000. Aviance Capital Partners LLC bought a new stake in ProShares UltraShort QQQ during the 2nd quarter valued at approximately $262,000. Smart Portfolios LLC bought a new stake in ProShares UltraShort QQQ during the 2nd quarter valued at approximately $592,000. Finally, Portfolio Strategies Inc bought a new stake in ProShares UltraShort QQQ during the 2nd quarter valued at approximately $2,178,000.

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Shares of ProShares UltraShort QQQ (QID) traded down 0.13% during mid-day trading on Friday, reaching $15.02. The company had a trading volume of 1,994,159 shares. The stock has a 50 day moving average of $15.68 and a 200-day moving average of $16.95. ProShares UltraShort QQQ has a 52 week low of $15.01 and a 52 week high of $26.47.

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.

Institutional Ownership by Quarter for ProShares UltraShort QQQ (NYSEARCA:QID)

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