ProShares UltraShort QQQ (NYSEARCA:QID – Get Free Report)’s share price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $16.47 and traded as high as $16.97. ProShares UltraShort QQQ shares last traded at $16.94, with a volume of 44,175,054 shares trading hands.
ProShares UltraShort QQQ Price Performance
The company’s 50 day moving average is $13.94 and its 200 day moving average is $16.47.
ProShares UltraShort QQQ’s stock is scheduled to reverse split on the morning of 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.
Institutional Trading of ProShares UltraShort QQQ
A number of institutional investors have recently modified their holdings of QID. Rothschild Capital Partners LLC bought a new stake in shares of ProShares UltraShort QQQ during the 2nd quarter worth approximately $4,201,000. Genesis Financial Group LLC acquired a new position in ProShares UltraShort QQQ during the 1st quarter worth approximately $5,067,000. IMC Chicago LLC bought a new position in ProShares UltraShort QQQ in the 1st quarter valued at approximately $2,300,000. Headlands Technologies LLC lifted its stake in ProShares UltraShort QQQ by 169.7% in the 2nd quarter. Headlands Technologies LLC now owns 70,440 shares of the exchange traded fund’s stock valued at $954,000 after purchasing an additional 44,326 shares during the last quarter. Finally, Tidal Investments LLC acquired a new stake in ProShares UltraShort QQQ in the second quarter valued at approximately $543,000.
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.
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