Rothschild Capital Partners LLC Makes New Investment in ProShares UltraShort QQQ $QID

Rothschild Capital Partners LLC bought a new stake in ProShares UltraShort QQQ (NYSEARCA:QID) during the second quarter, HoldingsChannel.com reports. The firm bought 310,033 shares of the exchange traded fund’s stock, valued at approximately $4,201,000. ProShares UltraShort QQQ accounts for approximately 1.0% of Rothschild Capital Partners LLC’s portfolio, making the stock its 20th biggest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of QID. Hillsdale Investment Management Inc. raised its holdings in shares of ProShares UltraShort QQQ by 3.5% during the 1st quarter. Hillsdale Investment Management Inc. now owns 35,290 shares of the exchange traded fund’s stock worth $800,000 after buying an additional 1,190 shares in the last quarter. Captrust Financial Advisors boosted its stake in ProShares UltraShort QQQ by 15.5% in the second quarter. Captrust Financial Advisors now owns 9,152 shares of the exchange traded fund’s stock valued at $232,000 after buying an additional 1,228 shares in the last quarter. Farther Finance Advisors LLC acquired a new stake in ProShares UltraShort QQQ in the fourth quarter valued at about $48,000. Tower Research Capital LLC TRC grew its position in ProShares UltraShort QQQ by 30.2% in the second quarter. Tower Research Capital LLC TRC now owns 20,717 shares of the exchange traded fund’s stock valued at $525,000 after acquiring an additional 4,803 shares during the last quarter. Finally, Two Sigma Securities LLC grew its position in ProShares UltraShort QQQ by 87.0% in the second quarter. Two Sigma Securities LLC now owns 17,370 shares of the exchange traded fund’s stock valued at $440,000 after acquiring an additional 8,082 shares during the last quarter.

ProShares UltraShort QQQ Price Performance

Shares of NYSEARCA QID opened at $14.24 on Monday. ProShares UltraShort QQQ has a 12 month low of $13.39 and a 12 month high of $24.92. The stock has a 50-day moving average price of $14.48 and a two-hundred day moving average price of $16.98.

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. The Index reflects companies across industry groups, including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology.