Short Interest in ProShares UltraShort QQQ (NYSEARCA:QID) Increases By 19.4%

ProShares UltraShort QQQ (NYSEARCA:QIDGet Free Report) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 1,412,371 shares, an increase of 19.4% from the December 31st total of 1,183,283 shares. Currently, 12.9% of the company’s stock are short sold. Based on an average trading volume of 35,639,740 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 35,639,740 shares, the days-to-cover ratio is currently 0.0 days. Currently, 12.9% of the company’s stock are short sold.

Institutional Investors Weigh In On ProShares UltraShort QQQ

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC acquired a new position in ProShares UltraShort QQQ during the 4th quarter valued at about $48,000. Bogart Wealth LLC bought a new position in shares of ProShares UltraShort QQQ in the third quarter valued at approximately $73,000. SBI Securities Co. Ltd. lifted its holdings in shares of ProShares UltraShort QQQ by 103.2% in the second quarter. SBI Securities Co. Ltd. now owns 3,438 shares of the exchange traded fund’s stock valued at $87,000 after purchasing an additional 1,746 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of ProShares UltraShort QQQ during the second quarter valued at approximately $190,000. Finally, Werba Rubin Papier Wealth Management bought a new stake in ProShares UltraShort QQQ during the second quarter worth $215,000.

ProShares UltraShort QQQ Stock Performance

NYSEARCA QID traded up $0.70 during mid-day trading on Wednesday, hitting $20.83. The company’s stock had a trading volume of 35,728,346 shares, compared to its average volume of 34,566,246. The company’s 50 day simple moving average is $19.97 and its 200 day simple moving average is $21.48. ProShares UltraShort QQQ has a twelve month low of $18.87 and a twelve month high of $50.45.

About ProShares UltraShort QQQ

(Get Free Report)

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.

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