ProShares UltraShort QQQ (NYSEARCA:QID) Short Interest Up 157.9% in December

ProShares UltraShort QQQ (NYSEARCA:QID) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 4,065,632 shares, a growth of 157.9% from the November 30th total of 1,576,276 shares. Based on an average trading volume of 27,828,186 shares, the days-to-cover ratio is currently 0.1 days. Approximately 26.1% of the company’s shares are short sold. Approximately 26.1% of the company’s shares are short sold. Based on an average trading volume of 27,828,186 shares, the days-to-cover ratio is currently 0.1 days.

ProShares UltraShort QQQ Trading Up 0.1%

Shares of QID stock traded up $0.01 on Friday, hitting $19.55. 13,177,766 shares of the stock traded hands, compared to its average volume of 11,181,256. ProShares UltraShort QQQ has a twelve month low of $19.12 and a twelve month high of $50.45. The firm’s 50-day moving average price is $20.42 and its two-hundred day moving average price is $22.73.

Institutional Trading of ProShares UltraShort QQQ

Several hedge funds have recently made changes to their positions in QID. DRW Securities LLC purchased a new stake in shares of ProShares UltraShort QQQ in the 1st quarter valued at $1,831,000. Kingstone Capital Partners Texas LLC grew its position in ProShares UltraShort QQQ by 60,527.3% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 53,600,614 shares of the exchange traded fund’s stock valued at $1,357,168,000 after acquiring an additional 53,512,204 shares in the last quarter. Norden Group LLC purchased a new stake in ProShares UltraShort QQQ during the second quarter worth about $253,000. Axxcess Wealth Management LLC increased its stake in ProShares UltraShort QQQ by 63.3% during the second quarter. Axxcess Wealth Management LLC now owns 44,362 shares of the exchange traded fund’s stock worth $1,123,000 after purchasing an additional 17,197 shares during the period. Finally, Werba Rubin Papier Wealth Management acquired a new stake in shares of ProShares UltraShort QQQ during the second quarter worth about $215,000.

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.