Hamilton Wealth LLC Makes New $1.10 Million Investment in ProShares UltraShort QQQ $QID

Hamilton Wealth LLC purchased a new position in shares of ProShares UltraShort QQQ (NYSEARCA:QID) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 54,598 shares of the exchange traded fund’s stock, valued at approximately $1,103,000. Hamilton Wealth LLC owned approximately 0.45% of ProShares UltraShort QQQ at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Captrust Financial Advisors lifted its stake in shares of ProShares UltraShort QQQ by 15.5% during the second quarter. Captrust Financial Advisors now owns 9,152 shares of the exchange traded fund’s stock valued at $232,000 after buying an additional 1,228 shares during the period. Farther Finance Advisors LLC purchased a new stake in ProShares UltraShort QQQ in the 4th quarter worth approximately $48,000. Tower Research Capital LLC TRC raised its holdings in ProShares UltraShort QQQ by 30.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 20,717 shares of the exchange traded fund’s stock valued at $525,000 after acquiring an additional 4,803 shares during the last quarter. Two Sigma Securities LLC raised its holdings in ProShares UltraShort QQQ by 87.0% in the 2nd quarter. Two Sigma Securities LLC now owns 17,370 shares of the exchange traded fund’s stock valued at $440,000 after acquiring an additional 8,082 shares during the last quarter. Finally, Axxcess Wealth Management LLC lifted its stake in shares of ProShares UltraShort QQQ by 20.3% during the 3rd quarter. Axxcess Wealth Management LLC now owns 53,347 shares of the exchange traded fund’s stock worth $1,149,000 after purchasing an additional 8,985 shares during the period.

ProShares UltraShort QQQ Stock Performance

QID stock opened at $13.63 on Friday. ProShares UltraShort QQQ has a 52-week low of $13.46 and a 52-week high of $28.38. The stock’s fifty day simple moving average is $15.88 and its 200-day simple moving average is $18.97.

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. The Index reflects companies across industry groups, including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology.