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

Trek Financial LLC bought a new stake in ProShares UltraShort QQQ (NYSEARCA:QID) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 72,664 shares of the exchange traded fund’s stock, valued at approximately $2,375,000. Trek Financial LLC owned approximately 1.33% of ProShares UltraShort QQQ as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of QID. PNC Financial Services Group Inc. purchased a new position in shares of ProShares UltraShort QQQ during the fourth quarter worth $38,000. JPMorgan Chase & Co. purchased a new position in ProShares UltraShort QQQ during the 4th quarter valued at about $42,000. SBI Securities Co. Ltd. purchased a new position in ProShares UltraShort QQQ during the 4th quarter valued at about $53,000. Western Pacific Wealth Management LP acquired a new position in ProShares UltraShort QQQ in the 4th quarter valued at about $65,000. Finally, BNP Paribas Financial Markets increased its stake in ProShares UltraShort QQQ by 259,700.0% during the third quarter. BNP Paribas Financial Markets now owns 2,598 shares of the exchange traded fund’s stock worth $94,000 after purchasing an additional 2,597 shares during the period.

ProShares UltraShort QQQ Price Performance

NYSEARCA QID opened at $45.92 on Monday. The firm has a 50 day simple moving average of $34.11 and a 200-day simple moving average of $33.86. ProShares UltraShort QQQ has a one year low of $29.32 and a one year high of $51.87.

ProShares UltraShort QQQ Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were given 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.