ProShares UltraShort QQQ (NYSEARCA:QID – Get Free Report) was the target 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 daily volume of 26,256,878 shares, the short-interest ratio is currently 0.1 days. Approximately 20.1% of the shares of the company are sold short. Approximately 20.1% of the shares of the company are sold short. Based on an average daily volume of 26,256,878 shares, the short-interest ratio is currently 0.1 days.
ProShares UltraShort QQQ Stock Up 0.7%
Shares of NYSEARCA QID traded up $0.14 during trading on Friday, hitting $20.74. The company had a trading volume of 22,555,958 shares, 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 stock has a 50 day simple moving average of $20.13 and a 200 day simple moving average of $21.09.
Hedge Funds Weigh In On ProShares UltraShort QQQ
Several large investors have recently added to or reduced their stakes in QID. HRT Financial LP bought a new position in shares of ProShares UltraShort QQQ in the fourth quarter worth approximately $3,418,000. Jump Financial LLC bought a new stake in shares of ProShares UltraShort QQQ during the 4th quarter valued at $2,157,000. Pacific Point Advisors LLC purchased a new position in shares of ProShares UltraShort QQQ during the 3rd quarter valued at $2,153,000. Quadrature Capital Ltd bought a new position in ProShares UltraShort QQQ in the 4th quarter worth $1,427,000. Finally, UBS Group AG increased its stake in ProShares UltraShort QQQ by 32.7% in the 3rd quarter. UBS Group AG now owns 70,197 shares of the exchange traded fund’s stock worth $1,511,000 after buying an additional 17,279 shares in the last quarter.
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.
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