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

ProShares UltraShort QQQ (NYSEARCA:QID) was the recipient of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 2,435,552 shares, a growth of 87.8% from the January 29th total of 1,296,711 shares. Based on an average trading volume of 26,256,878 shares, the days-to-cover ratio is currently 0.1 days. Currently, 20.1% of the shares of the company are short sold. Currently, 20.1% of the shares of the company are short sold. Based on an average trading volume of 26,256,878 shares, the days-to-cover ratio is currently 0.1 days.

ProShares UltraShort QQQ Stock Up 0.7%

ProShares UltraShort QQQ stock traded up $0.14 during midday trading on Friday, reaching $20.74. 22,555,958 shares of the company traded hands, compared to its average volume of 29,582,057. ProShares UltraShort QQQ has a 12 month low of $18.87 and a 12 month high of $50.45. The business has a 50 day moving average of $20.13 and a two-hundred day moving average of $21.09.

Institutional Trading of ProShares UltraShort QQQ

A number of hedge funds have recently bought and sold shares of QID. Farther Finance Advisors LLC purchased a new position in ProShares UltraShort QQQ in the fourth quarter worth about $48,000. Bogart Wealth LLC bought a new position in shares of ProShares UltraShort QQQ in the 3rd quarter worth approximately $73,000. SBI Securities Co. Ltd. lifted 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 purchasing an additional 1,746 shares during the period. Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of ProShares UltraShort QQQ in the second quarter worth approximately $190,000. Finally, Captrust Financial Advisors grew its position in ProShares UltraShort QQQ by 15.5% during the second 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 during the period.

About ProShares UltraShort QQQ

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.