ProShares UltraShort QQQ (NYSEARCA:QID) Stock Price Cross Above Two Hundred Day Moving Average – Here’s What Happened

Shares of ProShares UltraShort QQQ (NYSEARCA:QIDGet Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $34.10 and traded as high as $38.05. ProShares UltraShort QQQ shares last traded at $37.70, with a volume of 4,069,396 shares traded.

ProShares UltraShort QQQ Stock Up 3.3 %

The company has a 50 day simple moving average of $32.59 and a 200-day simple moving average of $34.10.

Institutional Investors Weigh In On ProShares UltraShort QQQ

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ridgepath Capital Management LLC bought a new position in ProShares UltraShort QQQ during the fourth quarter worth $4,887,000. Trek Financial LLC acquired a new stake in ProShares UltraShort QQQ during the fourth quarter worth approximately $2,375,000. Headlands Technologies LLC acquired a new position in shares of ProShares UltraShort QQQ in the fourth quarter valued at approximately $2,004,000. Squarepoint Ops LLC bought a new position in shares of ProShares UltraShort QQQ during the fourth quarter worth approximately $1,891,000. Finally, Tower Research Capital LLC TRC lifted its holdings in ProShares UltraShort QQQ by 25,858.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 34,005 shares of the exchange traded fund’s stock worth $1,112,000 after purchasing an additional 33,874 shares during the last quarter.

About ProShares UltraShort QQQ

(Get Free Report)

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.

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