BNP Paribas Financial Markets Has $94,000 Stock Position in ProShares UltraShort QQQ (NYSEARCA:QID)

BNP Paribas Financial Markets increased its position in shares of ProShares UltraShort QQQ (NYSEARCA:QID) by 259,700.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,598 shares of the exchange traded fund’s stock after acquiring an additional 2,597 shares during the quarter. BNP Paribas Financial Markets’ holdings in ProShares UltraShort QQQ were worth $94,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. United Capital Management of KS Inc. acquired a new position in shares of ProShares UltraShort QQQ in the 3rd quarter valued at about $362,000. Benjamin F. Edwards & Company Inc. acquired a new position in ProShares UltraShort QQQ in the 2nd quarter valued at approximately $363,000. Finally, Sollinda Capital Management LLC purchased a new stake in ProShares UltraShort QQQ in the 2nd quarter worth approximately $1,836,000.

ProShares UltraShort QQQ Stock Performance

ProShares UltraShort QQQ stock opened at $32.56 on Thursday. ProShares UltraShort QQQ has a 12 month low of $29.98 and a 12 month high of $56.90. The company’s fifty day simple moving average is $33.90 and its 200-day simple moving average is $37.30.

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.