ProShares UltraShort QQQ (NYSEARCA:QID – Get Free Report) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 3,678,251 shares, a growth of 147.3% from the August 15th total of 1,487,245 shares. Approximately 20.7% of the company’s stock are short sold. Based on an average daily volume of 29,798,475 shares, the short-interest ratio is currently 0.1 days.
ProShares UltraShort QQQ Stock Performance
QID stock traded down $0.26 during mid-day trading on Friday, hitting $14.33. The stock had a trading volume of 29,991,566 shares, compared to its average volume of 24,096,533. The company has a fifty day moving average of $14.50 and a 200 day moving average of $16.55. ProShares UltraShort QQQ has a 1-year low of $13.39 and a 1-year high of $24.52.
Institutional Investors Weigh In On ProShares UltraShort QQQ
Several hedge funds have recently modified their holdings of the business. Rothschild Capital Partners LLC acquired a new position in ProShares UltraShort QQQ in the 2nd quarter valued at $4,201,000. Genesis Financial Group LLC bought a new stake in shares of ProShares UltraShort QQQ during the 1st quarter valued at $5,067,000. HRT Financial LP acquired a new stake in shares of ProShares UltraShort QQQ during the 4th quarter worth $3,418,000. Jump Financial LLC acquired a new stake in shares of ProShares UltraShort QQQ during the 4th quarter worth $2,157,000. Finally, IMC Chicago LLC bought a new position in shares of ProShares UltraShort QQQ in the first quarter worth $2,300,000.
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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