ProShares UltraShort QQQ (NYSEARCA:QID) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $33.64 and traded as high as $31.71. ProShares UltraShort QQQ shares last traded at $31.41, with a volume of 110,641 shares changing hands.
The business’s fifty day moving average is $33.64.
Several large investors have recently modified their holdings of QID. Wilbanks Smith & Thomas Asset Management LLC bought a new position in shares of ProShares UltraShort QQQ during the first quarter worth $254,000. Clean Yield Group boosted its position in shares of ProShares UltraShort QQQ by 530.8% during the first quarter. Clean Yield Group now owns 8,200 shares of the exchange traded fund’s stock worth $282,000 after acquiring an additional 6,900 shares during the last quarter. SG Americas Securities LLC bought a new position in ProShares UltraShort QQQ during the fourth quarter valued at $298,000. Measured Wealth Private Client Group LLC bought a new position in ProShares UltraShort QQQ during the first quarter valued at $468,000. Finally, First Bank & Trust bought a new position in ProShares UltraShort QQQ during the first quarter valued at $481,000.
ProShares UltraShort QQQ Company Profile (NYSEARCA:QID)
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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