ProShares UltraShort QQQ (NYSEARCA:QID) Stock to Reverse Split on Thursday, November 19th

ProShares UltraShort QQQ (NYSEARCA:QID)’s stock is going to reverse split on Thursday, November 19th. The 1-4 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 18th.

ProShares UltraShort QQQ Trading Down 1.8%

NYSEARCA:QID traded down $0.28 during trading hours on Wednesday, reaching $15.03. The company’s stock had a trading volume of 26,130,693 shares, compared to its average volume of 26,986,932. ProShares UltraShort QQQ has a one year low of $12.41 and a one year high of $24.52. The business’s 50-day moving average is $13.87 and its 200-day moving average is $16.50.

Institutional Trading of ProShares UltraShort QQQ

Several large investors have recently made changes to their positions in QID. Tidal Investments LLC acquired a new position in shares of ProShares UltraShort QQQ during the 2nd quarter valued at about $543,000. F&V Capital Management LLC acquired a new stake in ProShares UltraShort QQQ in the 2nd quarter worth approximately $338,000. Rothschild Capital Partners LLC acquired a new stake in ProShares UltraShort QQQ in the 2nd quarter worth approximately $4,201,000. Headlands Technologies LLC boosted its position in ProShares UltraShort QQQ by 169.7% during the second quarter. Headlands Technologies LLC now owns 70,440 shares of the exchange traded fund’s stock worth $954,000 after purchasing an additional 44,326 shares during the period. Finally, Balefire LLC bought a new stake in ProShares UltraShort QQQ during the second quarter worth approximately $387,000.

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.