ProShares UltraShort QQQ (NYSEARCA:QID) Short Interest Update

ProShares UltraShort QQQ (NYSEARCA:QIDGet 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

(Get Free Report)

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.

Further Reading

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