Short Interest in ProShares UltraShort QQQ (NYSEARCA:QID) Expands By 87.8%

ProShares UltraShort QQQ (NYSEARCA:QID) was the target of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 2,435,552 shares, a growth of 87.8% from the January 29th total of 1,296,711 shares. Approximately 20.1% of the shares of the company are short sold. Based on an average trading volume of 26,256,878 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 26,256,878 shares, the days-to-cover ratio is presently 0.1 days. Approximately 20.1% of the shares of the company are short sold.

Institutional Trading of ProShares UltraShort QQQ

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Captrust Financial Advisors grew its stake in ProShares UltraShort QQQ by 15.5% in the 2nd quarter. Captrust Financial Advisors now owns 9,152 shares of the exchange traded fund’s stock valued at $232,000 after buying an additional 1,228 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of ProShares UltraShort QQQ by 103.2% during the second quarter. SBI Securities Co. Ltd. now owns 3,438 shares of the exchange traded fund’s stock worth $87,000 after acquiring an additional 1,746 shares during the period. Farther Finance Advisors LLC bought a new stake in shares of ProShares UltraShort QQQ during the fourth quarter worth approximately $48,000. Bogart Wealth LLC bought a new position in shares of ProShares UltraShort QQQ during the third quarter worth approximately $73,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of ProShares UltraShort QQQ by 30.2% during the second quarter. Tower Research Capital LLC TRC now owns 20,717 shares of the exchange traded fund’s stock worth $525,000 after purchasing an additional 4,803 shares during the period.

ProShares UltraShort QQQ Stock Up 0.7%

Shares of ProShares UltraShort QQQ stock opened at $20.74 on Monday. The business has a fifty day simple moving average of $20.13 and a two-hundred day simple moving average of $21.06. ProShares UltraShort QQQ has a 1 year low of $18.87 and a 1 year high of $50.45.

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.