ProShares Short QQQ (NYSEARCA:PSQ – Get Free Report) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 3,030,610 shares, a growth of 125.1% from the September 30th total of 1,346,344 shares. Approximately 12.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 20,454,112 shares, the short-interest ratio is currently 0.1 days.
Institutional Trading of ProShares Short QQQ
A number of large investors have recently added to or reduced their stakes in the business. Lesa Sroufe & Co acquired a new position in shares of ProShares Short QQQ in the 3rd quarter valued at $2,775,000. Auour Investments LLC grew its position in shares of ProShares Short QQQ by 10.1% during the 3rd quarter. Auour Investments LLC now owns 15,116 shares of the company’s stock worth $375,000 after purchasing an additional 1,381 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in ProShares Short QQQ during the third quarter worth about $6,499,000. Citizens Financial Group Inc. RI acquired a new position in ProShares Short QQQ during the third quarter valued at approximately $231,000. Finally, Vima LLC raised its stake in ProShares Short QQQ by 274.7% during the third quarter. Vima LLC now owns 2,342 shares of the company’s stock worth $58,000 after acquiring an additional 1,717 shares in the last quarter.
ProShares Short QQQ Trading Up 3.5%
Shares of NYSEARCA:PSQ opened at $26.63 on Friday. The stock has a 50 day moving average of $25.45 and a 200 day moving average of $27.52. ProShares Short QQQ has a 12-month low of $24.09 and a 12-month high of $33.47.
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.
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