72,664 Shares in ProShares UltraShort QQQ (NYSEARCA:QID) Purchased by Trek Financial LLC

Trek Financial LLC bought a new position in shares of ProShares UltraShort QQQ (NYSEARCA:QID) during the 4th quarter, Holdings Channel reports. The firm bought 72,664 shares of the exchange traded fund’s stock, valued at approximately $2,375,000.

Other hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased 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 valued at $94,000 after buying an additional 2,597 shares in the last quarter. Ridgepath Capital Management LLC purchased a new position in shares of ProShares UltraShort QQQ during the 4th quarter worth approximately $4,887,000. Western Pacific Wealth Management LP acquired a new position in shares of ProShares UltraShort QQQ during the 4th quarter worth approximately $65,000. SBI Securities Co. Ltd. purchased a new stake in ProShares UltraShort QQQ in the 4th quarter valued at approximately $53,000. Finally, PNC Financial Services Group Inc. acquired a new stake in ProShares UltraShort QQQ during the 4th quarter valued at $38,000.

ProShares UltraShort QQQ Price Performance

ProShares UltraShort QQQ stock opened at $45.92 on Monday. ProShares UltraShort QQQ has a fifty-two week low of $29.32 and a fifty-two week high of $51.87. The stock has a fifty day moving average of $34.11 and a two-hundred day moving average of $33.86.

ProShares UltraShort QQQ Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were paid a $0.3685 dividend. The ex-dividend date of this dividend was Wednesday, March 26th.

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.