ProShares UltraShort QQQ (NYSEARCA:QID) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $32.36 and traded as low as $29.03. ProShares UltraShort QQQ shares last traded at $29.37, with a volume of 40,455 shares traded.
The business has a 50-day moving average of $32.36.
Several large investors have recently made changes to their positions in QID. Two Sigma Securities LLC acquired a new stake in shares of ProShares UltraShort QQQ during the 4th quarter worth approximately $655,000. Deutsche Bank AG acquired a new stake in shares of ProShares UltraShort QQQ during the 4th quarter worth approximately $2,377,000. First Bank & Trust acquired a new stake in shares of ProShares UltraShort QQQ during the 1st quarter worth approximately $481,000. Clean Yield Group grew its holdings in shares of ProShares UltraShort QQQ by 530.8% during the 1st quarter. Clean Yield Group now owns 8,200 shares of the exchange traded fund’s stock worth $282,000 after purchasing an additional 6,900 shares in the last quarter. Finally, Bank Hapoalim BM acquired a new stake in shares of ProShares UltraShort QQQ during the 1st quarter worth approximately $1,311,000.
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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