ProShares UltraShort QQQ (NYSEARCA:QID) Shares Pass Above 200 Day Moving Average of $44.20

ProShares UltraShort QQQ (NYSEARCA:QID)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $44.20 and traded as high as $45.79. ProShares UltraShort QQQ shares last traded at $43.44, with a volume of 6,795,991 shares traded.

ProShares UltraShort QQQ Stock Performance

The business’s 50 day moving average price is $39.58 and its two-hundred day moving average price is $44.11.

Hedge Funds Weigh In On ProShares UltraShort QQQ

Hedge funds have recently bought and sold shares of the company. Headlands Technologies LLC purchased a new position in shares of ProShares UltraShort QQQ during the 4th quarter worth $222,000. Axxcess Wealth Management LLC raised its holdings in ProShares UltraShort QQQ by 62.0% in the 1st quarter. Axxcess Wealth Management LLC now owns 77,445 shares of the exchange traded fund’s stock worth $694,000 after purchasing an additional 29,625 shares during the period. Clear Harbor Asset Management LLC purchased a new position in ProShares UltraShort QQQ during the second quarter valued at $728,000. IMC Chicago LLC bought a new stake in ProShares UltraShort QQQ during the first quarter valued at about $1,361,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in ProShares UltraShort QQQ in the first quarter worth about $1,369,000.

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.