ProShares UltraShort QQQ (QID) Short Interest Update
ProShares UltraShort QQQ (NYSEARCA:QID) was the recipient of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 661,158 shares, a decline of 51.6% from the October 31st total of 1,365,454 shares. Based on an average daily trading volume, of 2,109,035 shares, the short-interest ratio is currently 0.3 days.
A number of large investors have recently modified their holdings of the stock. Wealthsource Partners LLC grew its holdings in ProShares UltraShort QQQ by 100.0% during the 2nd quarter. Wealthsource Partners LLC now owns 20,000 shares of the exchange traded fund’s stock valued at $349,000 after purchasing an additional 10,000 shares during the last quarter. Partnervest Advisory Services LLC bought a new position in ProShares UltraShort QQQ during the 2nd quarter valued at about $175,000. Regal Investment Advisors LLC bought a new position in ProShares UltraShort QQQ during the 3rd quarter valued at about $273,000. Southport Management L.L.C. bought a new position in ProShares UltraShort QQQ during the 3rd quarter valued at about $309,000. Finally, Simplex Trading LLC bought a new position in ProShares UltraShort QQQ during the 3rd quarter valued at about $460,000.
Shares of ProShares UltraShort QQQ (NYSEARCA QID) opened at $13.98 on Tuesday. ProShares UltraShort QQQ has a fifty-two week low of $13.30 and a fifty-two week high of $25.28.
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.
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