ProShares UltraShort QQQ (NYSEARCA:QID) Short Interest Update

ProShares UltraShort QQQ (NYSEARCA:QID) was the target of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 552,001 shares, a drop of 77.3% from the February 12th total of 2,435,552 shares. Currently, 4.6% of the company’s stock are sold short. Based on an average daily trading volume, of 20,642,672 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 20,642,672 shares, the days-to-cover ratio is currently 0.0 days. Currently, 4.6% of the company’s stock are sold short.

Institutional Investors Weigh In On ProShares UltraShort QQQ

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC bought a new position in shares of ProShares UltraShort QQQ during the fourth quarter valued at approximately $48,000. Bogart Wealth LLC bought a new stake in shares of ProShares UltraShort QQQ in the 3rd quarter worth approximately $73,000. SBI Securities Co. Ltd. grew its stake in shares of ProShares UltraShort QQQ by 103.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 3,438 shares of the exchange traded fund’s stock worth $87,000 after buying an additional 1,746 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. bought a new position in ProShares UltraShort QQQ during the 2nd quarter valued at approximately $190,000. Finally, Captrust Financial Advisors increased its position in ProShares UltraShort QQQ by 15.5% during 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 in the last quarter.

ProShares UltraShort QQQ Stock Up 0.0%

Shares of NYSEARCA:QID traded up $0.01 during midday trading on Tuesday, reaching $20.72. The company’s stock had a trading volume of 20,969,408 shares, compared to its average volume of 28,640,611. The firm has a 50 day moving average of $20.26 and a 200-day moving average of $20.93. ProShares UltraShort QQQ has a 12-month low of $18.87 and a 12-month 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.