ProShares Short QQQ (NYSEARCA:PSQ) Short Interest Down 18.5% in February

ProShares Short QQQ (NYSEARCA:PSQ) saw a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 1,125,058 shares, a decrease of 18.5% from the February 12th total of 1,380,630 shares. Approximately 6.5% of the shares of the stock are sold short. Based on an average daily volume of 9,656,757 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 9,656,757 shares, the days-to-cover ratio is presently 0.1 days. Approximately 6.5% of the shares of the stock are sold short.

ProShares Short QQQ Price Performance

Shares of PSQ opened at $31.49 on Friday. ProShares Short QQQ has a 12 month low of $29.24 and a 12 month high of $46.98. The stock’s 50 day moving average is $30.39 and its two-hundred day moving average is $30.72.

Institutional Investors Weigh In On ProShares Short QQQ

A number of institutional investors have recently added to or reduced their stakes in PSQ. BNP Paribas Financial Markets raised its position in ProShares Short QQQ by 2,358.3% during the second quarter. BNP Paribas Financial Markets now owns 885 shares of the company’s stock worth $30,000 after acquiring an additional 849 shares during the period. ORG Partners LLC grew its position in shares of ProShares Short QQQ by 120.0% in the fourth quarter. ORG Partners LLC now owns 1,025 shares of the company’s stock valued at $31,000 after purchasing an additional 559 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of ProShares Short QQQ by 146.7% during the second quarter. PNC Financial Services Group Inc. now owns 1,517 shares of the company’s stock worth $51,000 after purchasing an additional 902 shares in the last quarter. Litman Gregory Wealth Management LLC purchased a new stake in shares of ProShares Short QQQ during the fourth quarter worth about $51,000. Finally, Union Bancaire Privee UBP SA raised its position in shares of ProShares Short QQQ by 200.0% during the 3rd quarter. Union Bancaire Privee UBP SA now owns 3,000 shares of the company’s stock worth $93,000 after purchasing an additional 2,000 shares during the last quarter.

ProShares Short QQQ Company Profile

ProShares Short QQQ is focused on daily investment results that correspond to the inverse (opposite) of the daily performance of the NASDAQ-100 Index. The NASDAQ-100 Index represents non-financial domestic and international issues listed on The NASDAQ Stock Market. The Fund takes positions in financial instruments (including derivatives) that in combination should have similar daily return characteristics as the inverse of the NASDAQ-100 Index. ProShares Short QQQ will not directly sell short the equity securities of issuers contained in the NASDAQ-100 Index.