Axxcess Wealth Management LLC Purchases 17,197 Shares of ProShares UltraShort QQQ $QID

Axxcess Wealth Management LLC lifted its position in ProShares UltraShort QQQ (NYSEARCA:QID) by 63.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,362 shares of the exchange traded fund’s stock after purchasing an additional 17,197 shares during the quarter. Axxcess Wealth Management LLC owned about 0.43% of ProShares UltraShort QQQ worth $1,123,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Eastern Bank bought a new stake in shares of ProShares UltraShort QQQ in the first quarter worth about $215,000. Norden Group LLC bought a new stake in shares of ProShares UltraShort QQQ in the second quarter worth about $253,000. Avior Wealth Management LLC bought a new stake in shares of ProShares UltraShort QQQ in the first quarter worth about $293,000. WESPAC Advisors SoCal LLC bought a new stake in shares of ProShares UltraShort QQQ in the first quarter worth about $477,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of ProShares UltraShort QQQ in the first quarter worth about $498,000.

ProShares UltraShort QQQ Stock Up 0.7%

Shares of QID stock opened at $21.53 on Friday. ProShares UltraShort QQQ has a 12-month low of $20.71 and a 12-month high of $50.45. The stock’s 50-day moving average price is $22.68 and its 200-day moving average price is $27.60.

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.