Headlands Technologies LLC raised its stake in shares of ProShares UltraShort QQQ (NYSEARCA:QID – Free Report) by 169.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,440 shares of the exchange traded fund’s stock after purchasing an additional 44,326 shares during the quarter. Headlands Technologies LLC owned about 0.40% of ProShares UltraShort QQQ worth $954,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Genesis Financial Group LLC purchased a new position in shares of ProShares UltraShort QQQ during the first quarter worth $5,067,000. HRT Financial LP purchased a new stake in ProShares UltraShort QQQ during the fourth quarter worth $3,418,000. Jump Financial LLC acquired a new stake in ProShares UltraShort QQQ during the fourth quarter valued at $2,157,000. IMC Chicago LLC acquired a new stake in shares of ProShares UltraShort QQQ during the 1st quarter valued at about $2,300,000. Finally, Quadrature Capital Ltd acquired a new position in ProShares UltraShort QQQ in the 4th quarter worth about $1,427,000.
ProShares UltraShort QQQ Price Performance
Shares of QID opened at $14.59 on Wednesday. The stock’s 50 day moving average is $14.50 and its two-hundred day moving average is $16.89. ProShares UltraShort QQQ has a 12 month low of $13.39 and a 12 month high of $24.92.
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. The Index reflects companies across industry groups, including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology.
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