ProShares Short QQQ (NYSEARCA:PSQ) Short Interest Update

ProShares Short QQQ (NYSEARCA:PSQ) saw 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. Currently, 10.4% of the company’s shares are sold short. Based on an average daily volume of 12,951,162 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 12,951,162 shares, the days-to-cover ratio is currently 0.1 days. Currently, 10.4% of the company’s shares are sold short.

ProShares Short QQQ Price Performance

Shares of ProShares Short QQQ stock traded up $0.47 during trading hours on Tuesday, reaching $30.22. 20,223,410 shares of the company’s stock were exchanged, compared to its average volume of 13,921,654. The business has a fifty day moving average of $30.08 and a two-hundred day moving average of $31.13. ProShares Short QQQ has a 1 year low of $29.24 and a 1 year high of $46.98.

Hedge Funds Weigh In On ProShares Short QQQ

Several institutional investors have recently bought and sold shares of PSQ. BNP Paribas Financial Markets grew its holdings in ProShares Short QQQ by 2,358.3% during the second quarter. BNP Paribas Financial Markets now owns 885 shares of the company’s stock worth $30,000 after acquiring an additional 849 shares during the period. ORG Partners LLC increased its holdings in ProShares Short QQQ by 120.0% in the fourth quarter. ORG Partners LLC now owns 1,025 shares of the company’s stock valued at $31,000 after buying an additional 559 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of 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 valued at $51,000 after acquiring an additional 902 shares during the period. Union Bancaire Privee UBP SA raised its holdings in ProShares Short QQQ by 200.0% during the third quarter. Union Bancaire Privee UBP SA now owns 3,000 shares of the company’s stock worth $93,000 after purchasing an additional 2,000 shares during the last quarter. Finally, West Michigan Advisors LLC acquired a new position in ProShares Short QQQ during the second quarter worth $220,000.

About ProShares Short QQQ

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.