ProShares Short QQQ (NYSEARCA:PSQ) Sees Significant Growth in Short Interest

ProShares Short QQQ (NYSEARCA:PSQ) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 1,380,630 shares, a growth of 46.7% from the January 29th total of 941,370 shares. Currently, 7.9% of the company’s shares are sold short. Based on an average daily trading volume, of 14,296,770 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 14,296,770 shares, the days-to-cover ratio is currently 0.1 days. Currently, 7.9% of the company’s shares are sold short.

Institutional Trading of ProShares Short QQQ

Institutional investors have recently made changes to their positions in the stock. UBS Group AG raised its position in shares of ProShares Short QQQ by 129.4% in the 4th quarter. UBS Group AG now owns 1,384,348 shares of the company’s stock worth $41,807,000 after buying an additional 780,849 shares during the period. Stratos Wealth Advisors LLC purchased a new position in shares of ProShares Short QQQ in the 3rd quarter worth about $11,038,000. Jump Financial LLC acquired a new position in shares of ProShares Short QQQ in the 4th quarter valued at about $7,343,000. One Plus One Wealth Management LLC grew its holdings in shares of ProShares Short QQQ by 64.9% during the 4th quarter. One Plus One Wealth Management LLC now owns 436,318 shares of the company’s stock worth $13,177,000 after purchasing an additional 171,757 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new stake in ProShares Short QQQ during the fourth quarter worth approximately $4,961,000.

ProShares Short QQQ Trading Up 0.4%

Shares of PSQ stock traded up $0.12 during trading hours on Friday, hitting $30.75. 12,499,497 shares of the company were exchanged, compared to its average volume of 12,910,114. The firm has a fifty day moving average of $30.21 and a 200 day moving average of $30.84. ProShares Short QQQ has a 1 year low of $29.24 and a 1 year high of $46.98.

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.