B. Riley Wealth Advisors Inc. Reduces Stock Holdings in ProShares UltraShort QQQ (NYSEARCA:QID)

B. Riley Wealth Advisors Inc. decreased its stake in ProShares UltraShort QQQ (NYSEARCA:QID – Get Rating) by 35.2% in the third quarter, Holdings Channel.com reports. The firm owned 63,905 shares of the exchange traded fund’s stock after selling 34,761 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in ProShares UltraShort QQQ were worth $1,753,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Psagot Value Holdings Ltd. Israel purchased a new position in ProShares UltraShort QQQ during the 3rd quarter valued at $45,685,000. IMC Chicago LLC boosted its holdings in ProShares UltraShort QQQ by 459.8% during the 3rd quarter. IMC Chicago LLC now owns 697,073 shares of the exchange traded fund’s stock valued at $19,121,000 after acquiring an additional 572,558 shares during the period. Belpointe Asset Management LLC purchased a new position in ProShares UltraShort QQQ during the 3rd quarter valued at $8,762,000. DRW Securities LLC boosted its holdings in ProShares UltraShort QQQ by 70.8% during the 2nd quarter. DRW Securities LLC now owns 357,506 shares of the exchange traded fund’s stock valued at $9,352,000 after acquiring an additional 148,146 shares during the period. Finally, Jane Street Group LLC boosted its holdings in ProShares UltraShort QQQ by 347.6% during the 3rd quarter. Jane Street Group LLC now owns 159,848 shares of the exchange traded fund’s stock valued at $4,385,000 after acquiring an additional 124,132 shares during the period.

ProShares UltraShort QQQ Trading Up 1.1 %

Shares of QID stock opened at $19.56 on Friday. ProShares UltraShort QQQ has a twelve month low of $16.56 and a twelve month high of $29.98. The stock has a fifty day simple moving average of $21.24 and a two-hundred day simple moving average of $23.43.

ProShares UltraShort QQQ Company Profile

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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.