Werba Rubin Papier Wealth Management Makes New $215,000 Investment in ProShares UltraShort QQQ $QID

Werba Rubin Papier Wealth Management purchased a new position in shares of ProShares UltraShort QQQ (NYSEARCA:QID) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,500 shares of the exchange traded fund’s stock, valued at approximately $215,000. Werba Rubin Papier Wealth Management owned approximately 0.08% of ProShares UltraShort QQQ as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Axxcess Wealth Management LLC raised its stake in shares of ProShares UltraShort QQQ by 63.3% during the second quarter. Axxcess Wealth Management LLC now owns 44,362 shares of the exchange traded fund’s stock worth $1,123,000 after acquiring an additional 17,197 shares in the last quarter. Norden Group LLC purchased a new position in shares of ProShares UltraShort QQQ during the second quarter worth approximately $253,000. Kingstone Capital Partners Texas LLC raised 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 worth $1,357,168,000 after acquiring an additional 53,512,204 shares in the last quarter. DRW Securities LLC purchased a new position in shares of ProShares UltraShort QQQ during the first quarter worth approximately $1,831,000. Finally, Jump Financial LLC raised its stake in shares of ProShares UltraShort QQQ by 1,524.4% during the first quarter. Jump Financial LLC now owns 567,660 shares of the exchange traded fund’s stock worth $21,622,000 after acquiring an additional 532,714 shares in the last quarter.

ProShares UltraShort QQQ Price Performance

QID stock opened at $21.53 on Friday. ProShares UltraShort QQQ has a one year low of $20.71 and a one year high of $50.45. The company’s 50 day moving average price is $22.68 and its two-hundred day moving average price is $27.60.

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.