Capital Investment Advisory Services LLC bought a new stake in ProShares UltraShort QQQ (NYSEARCA:QID) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 2,350 shares of the exchange traded fund’s stock, valued at approximately $112,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QID. Virtu Financial LLC bought a new stake in shares of ProShares UltraShort QQQ in the fourth quarter valued at about $1,274,000. SG Americas Securities LLC bought a new stake in shares of ProShares UltraShort QQQ in the fourth quarter valued at about $298,000. Tower Research Capital LLC TRC lifted its stake in shares of ProShares UltraShort QQQ by 4.7% in the third quarter. Tower Research Capital LLC TRC now owns 62,239 shares of the exchange traded fund’s stock valued at $2,199,000 after buying an additional 2,790 shares during the period. Finally, Clean Yield Group bought a new stake in shares of ProShares UltraShort QQQ in the fourth quarter valued at about $62,000.
NYSEARCA:QID opened at $38.21 on Wednesday. ProShares UltraShort QQQ has a 12-month low of $34.65 and a 12-month high of $55.72.
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.
Read More: Mutual Funds
Want to see what other hedge funds are holding QID? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraShort QQQ (NYSEARCA:QID).
Receive News & Ratings for ProShares UltraShort QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraShort QQQ and related companies with MarketBeat.com's FREE daily email newsletter.