Short Interest in ProShares Short QQQ (NYSEARCA:PSQ) Declines By 47.7%

ProShares Short QQQ (NYSEARCA:PSQ) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 941,370 shares, a drop of 47.7% from the January 15th total of 1,798,514 shares. Based on an average daily trading volume, of 14,411,776 shares, the short-interest ratio is presently 0.1 days. Approximately 5.4% of the shares of the company are sold short. Approximately 5.4% of the shares of the company are sold short. Based on an average daily trading volume, of 14,411,776 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of ProShares Short QQQ

A number of hedge funds and other institutional investors have recently modified their holdings of the company. ORG Partners LLC lifted its holdings in ProShares Short QQQ by 120.0% in the 4th quarter. ORG Partners LLC now owns 1,025 shares of the company’s stock worth $31,000 after purchasing an additional 559 shares in the last quarter. Foundations Investment Advisors LLC boosted its position in shares of ProShares Short QQQ by 15.0% during the second quarter. Foundations Investment Advisors LLC now owns 6,485 shares of the company’s stock worth $218,000 after acquiring an additional 846 shares during the last quarter. BNP Paribas Financial Markets grew its stake 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 valued at $30,000 after acquiring an additional 849 shares in the last quarter. Two Sigma Securities LLC increased its holdings in ProShares Short QQQ by 3.2% in the 2nd quarter. Two Sigma Securities LLC now owns 28,102 shares of the company’s stock valued at $946,000 after acquiring an additional 867 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in ProShares Short QQQ by 146.7% in the 2nd 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.

ProShares Short QQQ Trading Up 1.4%

PSQ stock traded up $0.44 on Thursday, hitting $30.83. The company had a trading volume of 8,277,948 shares, compared to its average volume of 13,651,431. ProShares Short QQQ has a 12-month low of $29.24 and a 12-month high of $46.98. The stock’s 50-day simple moving average is $30.11 and its 200 day simple moving average is $31.02.

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.