Hamilton Wealth LLC Invests $1.10 Million in ProShares UltraShort QQQ $QID

Hamilton Wealth LLC bought a new position in ProShares UltraShort QQQ (NYSEARCA:QID) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 54,598 shares of the exchange traded fund’s stock, valued at approximately $1,103,000.

Other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC purchased a new stake in ProShares UltraShort QQQ in the fourth quarter valued at approximately $48,000. Captrust Financial Advisors raised its stake in ProShares UltraShort QQQ by 15.5% during the second quarter. Captrust Financial Advisors now owns 9,152 shares of the exchange traded fund’s stock worth $232,000 after purchasing an additional 1,228 shares during the period. Werba Rubin Papier Wealth Management acquired a new position in shares of ProShares UltraShort QQQ in the 4th quarter valued at $283,000. Sierra Capital LLC acquired a new position in shares of ProShares UltraShort QQQ in the 4th quarter valued at $288,000. Finally, Integrated Advisors Network LLC purchased a new stake in shares of ProShares UltraShort QQQ during the 3rd quarter valued at $421,000.

ProShares UltraShort QQQ Stock Performance

QID stock opened at $13.63 on Friday. The business has a fifty day simple moving average of $15.88 and a 200-day simple moving average of $18.97. ProShares UltraShort QQQ has a 52 week low of $13.46 and a 52 week high of $28.38.

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.