ProShares UltraShort QQQ Stock to Reverse Split on Thursday, November 19th (NYSEARCA:QID)

ProShares UltraShort QQQ (NYSEARCA:QID) shares are set to reverse split on Thursday, November 19th. The 1-4 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 18th.

ProShares UltraShort QQQ Trading Up 2.6%

Shares of NYSEARCA:QID opened at $15.33 on Friday. The business’s fifty day moving average price is $14.07 and its two-hundred day moving average price is $16.33. ProShares UltraShort QQQ has a fifty-two week low of $12.41 and a fifty-two week high of $24.52.

Institutional Investors Weigh In On ProShares UltraShort QQQ

Institutional investors and hedge funds have recently made changes to their positions in the company. Tidal Investments LLC acquired a new position in shares of ProShares UltraShort QQQ during the second quarter worth approximately $543,000. F&V Capital Management LLC acquired a new stake in shares of ProShares UltraShort QQQ in the second quarter valued at approximately $338,000. Rothschild Capital Partners LLC acquired a new stake in shares of ProShares UltraShort QQQ in the second quarter valued at approximately $4,201,000. Headlands Technologies LLC increased its holdings in shares of ProShares UltraShort QQQ by 169.7% in the second quarter. Headlands Technologies LLC now owns 70,440 shares of the exchange traded fund’s stock valued at $954,000 after purchasing an additional 44,326 shares in the last quarter. Finally, Balefire LLC acquired a new position in ProShares UltraShort QQQ during the 2nd quarter worth $387,000.

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.