Headlands Technologies LLC Grows Stock Position in ProShares UltraShort QQQ $QID

Headlands Technologies LLC lifted its stake in ProShares UltraShort QQQ (NYSEARCA:QID) by 169.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 70,440 shares of the exchange traded fund’s stock after purchasing an additional 44,326 shares during the quarter. Headlands Technologies LLC’s holdings in ProShares UltraShort QQQ were worth $954,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Squarepoint Ops LLC increased its position in shares of ProShares UltraShort QQQ by 137.3% during the second quarter. Squarepoint Ops LLC now owns 61,515 shares of the exchange traded fund’s stock worth $1,558,000 after acquiring an additional 35,595 shares during the period. Group One Trading LLC boosted its holdings in ProShares UltraShort QQQ by 1,051.2% in the second quarter. Group One Trading LLC now owns 55,604 shares of the exchange traded fund’s stock valued at $1,408,000 after purchasing an additional 50,774 shares in the last quarter. Two Sigma Securities LLC increased its stake in ProShares UltraShort QQQ by 87.0% in the second quarter. Two Sigma Securities LLC now owns 17,370 shares of the exchange traded fund’s stock valued at $440,000 after purchasing an additional 8,082 shares during the last quarter. Captrust Financial Advisors increased its stake in ProShares UltraShort QQQ by 15.5% in the second quarter. Captrust Financial Advisors now owns 9,152 shares of the exchange traded fund’s stock valued at $232,000 after purchasing an additional 1,228 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in ProShares UltraShort QQQ by 30.2% in the second quarter. Tower Research Capital LLC TRC now owns 20,717 shares of the exchange traded fund’s stock valued at $525,000 after purchasing an additional 4,803 shares during the last quarter.

ProShares UltraShort QQQ Trading Up 2.5%

Shares of NYSEARCA:QID opened at $14.59 on Wednesday. The company’s fifty day moving average price is $14.50 and its 200 day moving average price is $16.89. ProShares UltraShort QQQ has a 12 month low of $13.39 and a 12 month high of $24.92.

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. The Index reflects companies across industry groups, including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology.