ProShares UltraShort QQQ (NYSEARCA:QID – Get Free Report) crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $16.47 and traded as high as $16.97. ProShares UltraShort QQQ shares last traded at $16.94, with a volume of 44,175,054 shares trading hands.
ProShares UltraShort QQQ Stock Down 2.5%
The company has a 50 day moving average of $13.98 and a two-hundred day moving average of $16.45.
ProShares UltraShort QQQ’s stock is set to reverse split on Thursday, November 19th. The 1-4 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 18th.
Institutional Trading of ProShares UltraShort QQQ
A number of hedge funds and other institutional investors have recently modified their holdings of QID. MWA Asset Management bought a new position in shares of ProShares UltraShort QQQ in the 1st quarter worth about $204,000. Waverly Advisors LLC bought a new stake in ProShares UltraShort QQQ during the first quarter worth about $205,000. Integrated Advisors Network LLC purchased a new stake in ProShares UltraShort QQQ in the first quarter worth about $421,000. F&V Capital Management LLC purchased a new stake in ProShares UltraShort QQQ in the second quarter worth about $338,000. Finally, Group One Trading LLC grew its holdings in ProShares UltraShort QQQ by 47.3% in the first quarter. Group One Trading LLC now owns 28,491 shares of the exchange traded fund’s stock worth $646,000 after purchasing an additional 9,143 shares during the period.
ProShares UltraShort QQQ Company 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.
Recommended Stories
- Five stocks we like better than ProShares UltraShort QQQ
- Dutch Bros Gave Wall Street What It Wanted, So Why Did the Stock Crater?
- Astera Labs Just Crushed Earnings—So Why Are Analysts Cutting Price Targets?
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
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.
