ProShares Short QQQ (NYSEARCA:PSQ) Short Interest Update

ProShares Short QQQ (NYSEARCA:PSQ) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 1,798,514 shares, a growth of 25.0% from the December 31st total of 1,438,820 shares. Based on an average daily volume of 12,951,162 shares, the days-to-cover ratio is currently 0.1 days. Approximately 10.4% of the company’s stock are short sold. Approximately 10.4% of the company’s stock are short sold. Based on an average daily volume of 12,951,162 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of ProShares Short QQQ

Hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its position in shares of ProShares Short QQQ by 2,358.3% in the second quarter. BNP Paribas Financial Markets now owns 885 shares of the company’s stock worth $30,000 after purchasing an additional 849 shares in the last quarter. ORG Partners LLC increased its stake in ProShares Short QQQ by 120.0% in the 4th quarter. ORG Partners LLC now owns 1,025 shares of the company’s stock valued at $31,000 after buying an additional 559 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in ProShares Short QQQ by 146.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,517 shares of the company’s stock worth $51,000 after buying an additional 902 shares in the last quarter. Union Bancaire Privee UBP SA lifted its position in 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 buying an additional 2,000 shares in the last quarter. Finally, Foundations Investment Advisors LLC boosted its stake in shares of ProShares Short QQQ by 15.0% during the 2nd quarter. Foundations Investment Advisors LLC now owns 6,485 shares of the company’s stock worth $218,000 after buying an additional 846 shares during the last quarter.

ProShares Short QQQ Stock Up 1.6%

Shares of NYSEARCA:PSQ traded up $0.47 during mid-day trading on Tuesday, reaching $30.22. 20,217,981 shares of the stock were exchanged, compared to its average volume of 13,919,776. ProShares Short QQQ has a one year low of $29.24 and a one year high of $46.98. The stock’s 50 day simple moving average is $30.08 and its 200-day simple moving average is $31.13.

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.