Axxcess Wealth Management LLC boosted its stake in ProShares UltraShort QQQ (NYSEARCA:QID – Free Report) by 20.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,151 shares of the exchange traded fund’s stock after purchasing an additional 4,627 shares during the quarter. Axxcess Wealth Management LLC owned about 0.50% of ProShares UltraShort QQQ worth $888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. purchased a new stake in shares of ProShares UltraShort QQQ during the 4th quarter valued at $38,000. SBI Securities Co. Ltd. purchased a new stake in ProShares UltraShort QQQ during the fourth quarter valued at about $53,000. Western Pacific Wealth Management LP bought a new stake in ProShares UltraShort QQQ during the fourth quarter worth about $65,000. BNP Paribas Financial Markets boosted its holdings in shares of ProShares UltraShort QQQ by 259,700.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,598 shares of the exchange traded fund’s stock worth $94,000 after purchasing an additional 2,597 shares in the last quarter. Finally, Simplicity Wealth LLC purchased a new position in shares of ProShares UltraShort QQQ during the 4th quarter valued at about $533,000.
ProShares UltraShort QQQ Stock Performance
NYSEARCA:QID opened at $36.99 on Friday. The business has a 50 day moving average of $32.77 and a 200 day moving average of $34.14. ProShares UltraShort QQQ has a 1-year low of $29.32 and a 1-year high of $51.87.
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.
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