November 24, 2016 - By Linda Rogers · 0 Comments
Nov 24 is a positive day so far for ProShares UltraShort QQQ (NYSEARCA:QID) as the ETF is active during the day after gaining 0.83% to hit $24.18 per share. The exchange traded fund has 358.80M net assets and 2.17% volatility this month.
Over the course of the day 547,346 shares traded hands, as compared to an average volume of 2.60 million over the last 30 days for ProShares UltraShort QQQ (NYSEARCA:QID).
The ETF is -37.06% of its 52-Week High and 6.26% of its low, and is currently having ATR of 0.66. This year’s performance is -14.81% while this quarter’s performance is 1.57%.
The ETF’s YTD performance is -16.09%, the 1 year is -15.69% and the 3 year is -28.62%.
The fund’s top holdings are: Nasdaq 100 Index Swap Societe Generale for 55.64% of assets, Nasdaq 100 Index Swap Citibank N.A. for 39.71%, Nasdaq 100 Index Swap Morgan Stanley & Co. International Plc for 32.56%, Nasdaq 100 Index Swap Bank Of America Na for 21.99%, Nasdaq 100 Index Swap Goldman Sachs International for 19.05%, Nasdaq 100 Index Swap Credit Suisse International for 17.05%, E-mini NASDAQ 100 Index Future Dec16 for 11.65%, Nasdaq 100 Index Swap Ubs Ag for 2.28%, Powershares Qqq (Qqq) Swap Morgan Stanley & Co. International Plc for 0.11%, Powershares Qqq (Qqq) Swap Goldman Sachs International for 0.10%.
More notable recent ProShares UltraShort QQQ (ETF) (NYSEARCA:QID) news were published by: Nasdaq.com which released: “Short the Nasdaq with These Inverse ETFs – ETF News And Commentary” on May 05, 2014, also Midasletter.com with their article: “PODCAST: Jim Rogers is Short the NASDAQ Composite via ProShares UltraShort QQQ …” published on February 14, 2016, Etfdailynews.com published: “Extolling The Virtues Of QQQ [PowerShares QQQ Trust, Series 1 (ETF), ProShares …” on November 12, 2014. More interesting news about ProShares UltraShort QQQ (ETF) (NYSEARCA:QID) were released by: Etftrends.com and their article: “Inverse ETFs Step into the Limelight” published on January 07, 2016 as well as Forbes.com‘s news article titled: “The Five Best Stocks To Short In May” with publication date: May 02, 2016.
ProShares UltraShort QQQ seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the NASDAQ-100 Index (the Index). The ETF has a market cap of $358.80 million. 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. It currently has negative earnings. The Index reflects companies across industry groups, including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology.
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By Linda Rogers