ProShares UltraShort QQQ (NYSEARCA:QID) Stock Short Interest Report for September

ProShares UltraShort QQQ (NYSEARCA:QID) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 2,079,532 shares, a drop of 43.3% from the September 15th total of 3,669,383 shares. Based on an average daily trading volume, of 38,195,838 shares, the short-interest ratio is presently 0.1 days. Approximately 13.2% of the shares of the company are short sold.

ProShares UltraShort QQQ Stock Up 5.1%

QID traded up $0.69 during midday trading on Friday, reaching $14.33. The company had a trading volume of 40,453,806 shares, compared to its average volume of 25,543,533. ProShares UltraShort QQQ has a 12-month low of $12.41 and a 12-month high of $24.52. The business has a 50-day moving average price of $13.79 and a two-hundred day moving average price of $15.16.

Hedge Funds Weigh In On ProShares UltraShort QQQ

Several institutional investors have recently bought and sold shares of QID. MWA Asset Management purchased a new stake in ProShares UltraShort QQQ in the first quarter worth $204,000. Waverly Advisors LLC purchased a new position in shares of ProShares UltraShort QQQ during the 1st quarter valued at $205,000. F&V Capital Management LLC bought a new position in shares of ProShares UltraShort QQQ during the 2nd quarter worth $338,000. Balefire LLC bought a new position in shares of ProShares UltraShort QQQ during the 2nd quarter worth $387,000. Finally, Integrated Advisors Network LLC bought a new position in shares of ProShares UltraShort QQQ during the 1st quarter worth $421,000.

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.