IMC Chicago LLC Takes Position in ProShares UltraShort QQQ $QID

IMC Chicago LLC purchased a new position in ProShares UltraShort QQQ (NYSEARCA:QID) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 101,515 shares of the exchange traded fund’s stock, valued at approximately $2,300,000. IMC Chicago LLC owned about 0.62% of ProShares UltraShort QQQ at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Squarepoint Ops LLC boosted its position in ProShares UltraShort QQQ by 137.3% during the second quarter. Squarepoint Ops LLC now owns 61,515 shares of the exchange traded fund’s stock valued at $1,558,000 after purchasing an additional 35,595 shares during the last quarter. Group One Trading LLC increased its position in ProShares UltraShort QQQ by 1,051.2% in the 2nd quarter. Group One Trading LLC now owns 55,604 shares of the exchange traded fund’s stock worth $1,408,000 after purchasing an additional 50,774 shares during the last quarter. Two Sigma Securities LLC raised its stake in shares of ProShares UltraShort QQQ by 87.0% during the 2nd quarter. Two Sigma Securities LLC now owns 17,370 shares of the exchange traded fund’s stock worth $440,000 after purchasing an additional 8,082 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of ProShares UltraShort QQQ by 15.5% during the 2nd quarter. Captrust Financial Advisors now owns 9,152 shares of the exchange traded fund’s stock worth $232,000 after purchasing an additional 1,228 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of ProShares UltraShort QQQ by 30.2% during 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 buying an additional 4,803 shares during the last quarter.

ProShares UltraShort QQQ Trading Up 0.6%

Shares of ProShares UltraShort QQQ stock opened at $14.23 on Thursday. The stock has a 50-day simple moving average of $14.39 and a 200-day simple moving average of $18.16. ProShares UltraShort QQQ has a 52-week low of $13.39 and a 52-week high of $25.54.

ProShares UltraShort QQQ 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.