Pacific Point Advisors LLC Invests $2.15 Million in ProShares UltraShort QQQ $QID

Pacific Point Advisors LLC bought a new position in shares of ProShares UltraShort QQQ (NYSEARCA:QID) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 100,000 shares of the exchange traded fund’s stock, valued at approximately $2,153,000. ProShares UltraShort QQQ accounts for about 1.3% of Pacific Point Advisors LLC’s portfolio, making the stock its 17th biggest holding.

Several other large investors have also recently bought and sold shares of QID. Eastern Bank boosted its holdings in ProShares UltraShort QQQ by 232.2% in the 3rd quarter. Eastern Bank now owns 16,775 shares of the exchange traded fund’s stock valued at $361,000 after purchasing an additional 11,725 shares during the period. Bogart Wealth LLC acquired a new position in shares of ProShares UltraShort QQQ during the third quarter valued at about $73,000. Clear Harbor Asset Management LLC bought a new stake in shares of ProShares UltraShort QQQ in the third quarter valued at about $398,000. Squarepoint Ops LLC grew its position in 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 buying an additional 35,595 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in ProShares UltraShort QQQ by 30.2% during the second quarter. Tower Research Capital LLC TRC now owns 20,717 shares of the exchange traded fund’s stock worth $525,000 after buying an additional 4,803 shares in the last quarter.

ProShares UltraShort QQQ Stock Down 0.3%

ProShares UltraShort QQQ stock opened at $21.09 on Friday. The business has a 50 day moving average price of $20.06 and a two-hundred day moving average price of $21.32. ProShares UltraShort QQQ has a 12 month low of $18.87 and a 12 month high of $50.45.

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.