ProShares Short QQQ (NYSEARCA:PSQ) Short Interest Down 18.5% in February

ProShares Short QQQ (NYSEARCA:PSQ) was the recipient of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 1,125,058 shares, a drop of 18.5% from the February 12th total of 1,380,630 shares. Based on an average daily trading volume, of 9,656,757 shares, the short-interest ratio is presently 0.1 days. Approximately 6.5% of the company’s shares are short sold. Approximately 6.5% of the company’s shares are short sold. Based on an average daily trading volume, of 9,656,757 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On ProShares Short QQQ

Hedge funds and other institutional investors have recently made changes to their positions in the business. ORG Partners LLC raised its position in shares of 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 purchasing an additional 559 shares in the last quarter. Foundations Investment Advisors LLC grew its position in shares of ProShares Short QQQ by 15.0% during the second quarter. Foundations Investment Advisors LLC now owns 6,485 shares of the company’s stock worth $218,000 after buying an additional 846 shares in the last quarter. BNP Paribas Financial Markets increased its stake 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 buying an additional 849 shares during the last quarter. Two Sigma Securities LLC increased its stake in shares of ProShares Short QQQ by 3.2% in the second quarter. Two Sigma Securities LLC now owns 28,102 shares of the company’s stock worth $946,000 after buying an additional 867 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in ProShares Short QQQ by 146.7% in the second 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 in the last quarter.

ProShares Short QQQ Trading Down 0.5%

PSQ stock traded down $0.17 during midday trading on Tuesday, reaching $30.98. 6,736,234 shares of the company’s stock traded hands, compared to its average volume of 12,862,949. ProShares Short QQQ has a fifty-two week low of $29.24 and a fifty-two week high of $46.98. The business has a 50-day moving average price of $30.44 and a two-hundred day moving average price of $30.68.

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.