Blueprint Financial Advisors LLC Purchases Shares of 34,600 ProShares UltraShort QQQ $QID

Blueprint Financial Advisors LLC purchased a new position in shares of ProShares UltraShort QQQ (NYSEARCA:QID) in the third quarter, Holdings Channel.com reports. The firm purchased 34,600 shares of the exchange traded fund’s stock, valued at approximately $745,000.

Other hedge funds have also made changes to their positions in the company. Pacific Point Advisors LLC acquired a new stake in shares of ProShares UltraShort QQQ during the 3rd quarter worth about $2,153,000. Group One Trading LLC increased its stake in ProShares UltraShort QQQ by 1,051.2% in the second quarter. Group One Trading LLC now owns 55,604 shares of the exchange traded fund’s stock valued at $1,408,000 after purchasing an additional 50,774 shares during the last quarter. Squarepoint Ops LLC raised its holdings in ProShares UltraShort QQQ by 137.3% during the second quarter. Squarepoint Ops LLC now owns 61,515 shares of the exchange traded fund’s stock worth $1,558,000 after purchasing an additional 35,595 shares in the last quarter. Blueprint Investment Partners LLC purchased a new stake in shares of ProShares UltraShort QQQ during the 3rd quarter worth approximately $745,000. Finally, Integrated Advisors Network LLC acquired a new position in shares of ProShares UltraShort QQQ in the 3rd quarter valued at $421,000.

ProShares UltraShort QQQ Stock Down 0.2%

NYSEARCA QID opened at $20.69 on Tuesday. ProShares UltraShort QQQ has a 12 month low of $18.87 and a 12 month high of $50.45. The firm’s fifty day moving average price is $20.14 and its 200 day moving average price is $21.04.

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.