SBI Securities Co. Ltd. Makes New Investment in ProShares UltraShort QQQ (NYSEARCA:QID)

SBI Securities Co. Ltd. purchased a new stake in ProShares UltraShort QQQ (NYSEARCA:QID) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,612 shares of the exchange traded fund’s stock, valued at approximately $53,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Western Pacific Wealth Management LP bought a new stake in ProShares UltraShort QQQ in the 4th quarter valued at approximately $65,000. BNP Paribas Financial Markets lifted its position in shares of ProShares UltraShort QQQ by 259,700.0% in the third quarter. BNP Paribas Financial Markets now owns 2,598 shares of the exchange traded fund’s stock worth $94,000 after purchasing an additional 2,597 shares in the last quarter. United Capital Management of KS Inc. acquired a new position in ProShares UltraShort QQQ during the third quarter worth $362,000. Flow Traders U.S. LLC acquired a new position in ProShares UltraShort QQQ during the third quarter worth $894,000. Finally, Ridgepath Capital Management LLC bought a new position in ProShares UltraShort QQQ in the fourth quarter valued at $4,887,000.

ProShares UltraShort QQQ Price Performance

Shares of NYSEARCA:QID opened at $37.99 on Tuesday. The company’s 50-day moving average price is $31.94 and its two-hundred day moving average price is $34.15. ProShares UltraShort QQQ has a one year low of $29.32 and a one year high of $51.87.

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.