Axxcess Wealth Management LLC lifted its position in ProShares UltraShort QQQ (NYSEARCA:QID – Free Report) by 63.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 44,362 shares of the exchange traded fund’s stock after acquiring an additional 17,197 shares during the period. Axxcess Wealth Management LLC’s holdings in ProShares UltraShort QQQ were worth $1,123,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC grew its stake in shares of ProShares UltraShort QQQ by 60,527.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 53,600,614 shares of the exchange traded fund’s stock valued at $1,357,168,000 after buying an additional 53,512,204 shares during the last quarter. Jump Financial LLC grew its position in ProShares UltraShort QQQ by 1,524.4% in the 1st quarter. Jump Financial LLC now owns 567,660 shares of the exchange traded fund’s stock valued at $21,622,000 after acquiring an additional 532,714 shares during the last quarter. Benjamin Edwards Inc. bought a new position in ProShares UltraShort QQQ in the 1st quarter valued at $2,359,000. DRW Securities LLC bought a new position in ProShares UltraShort QQQ in the 1st quarter valued at $1,831,000. Finally, Pacific Point Advisors LLC bought a new position in ProShares UltraShort QQQ in the 1st quarter valued at $571,000.
ProShares UltraShort QQQ Stock Up 0.7%
Shares of ProShares UltraShort QQQ stock opened at $21.53 on Friday. The stock’s fifty day moving average is $22.68 and its two-hundred day moving average is $27.60. ProShares UltraShort QQQ has a 52 week low of $20.71 and a 52 week high of $50.45.
ProShares UltraShort QQQ 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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