ProShares UltraShort QQQ (NYSEARCA:QID – Get Free Report) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 1,390,306 shares, a decrease of 33.8% from the June 30th total of 2,101,261 shares. Based on an average daily volume of 12,680,543 shares, the short-interest ratio is presently 0.1 days. Currently, 8.1% of the company’s stock are sold short.
Institutional Investors Weigh In On ProShares UltraShort QQQ
Several institutional investors have recently added to or reduced their stakes in the business. Genesis Financial Group LLC acquired a new position in shares of ProShares UltraShort QQQ during the first quarter valued at about $5,067,000. HRT Financial LP acquired a new stake in ProShares UltraShort QQQ in the 4th quarter worth approximately $3,418,000. Jump Financial LLC acquired a new stake in ProShares UltraShort QQQ in the 4th quarter worth approximately $2,157,000. IMC Chicago LLC acquired a new stake in ProShares UltraShort QQQ in the 1st quarter worth approximately $2,300,000. Finally, Quadrature Capital Ltd purchased a new stake in ProShares UltraShort QQQ during the 4th quarter worth approximately $1,427,000.
ProShares UltraShort QQQ Price Performance
ProShares UltraShort QQQ stock opened at $15.62 on Friday. ProShares UltraShort QQQ has a 1-year low of $13.39 and a 1-year high of $25.54. The business has a fifty day moving average price of $14.48 and a 200-day moving average price of $17.82.
About ProShares UltraShort QQQ
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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