Short Interest in ProShares UltraShort QQQ (NYSEARCA:QID) Decreases By 55.2%

by · The Cerbat Gem

ProShares UltraShort QQQ (NYSEARCA:QID – Get Free Report) saw a large decrease in short interest in April. As of April 30th, there was short interest totaling 1,335,295 shares, a decrease of 55.2% from the April 15th total of 2,983,000 shares. Currently, 8.1% of the company’s stock are sold short. Based on an average trading volume of 27,569,115 shares, the days-to-cover ratio is currently 0.0 days.

ProShares UltraShort QQQ Price Performance

Shares of ProShares UltraShort QQQ stock traded up $0.45 on Friday, reaching $15.01. The stock had a trading volume of 30,619,103 shares, compared to its average volume of 25,706,639. The business’s 50-day moving average price is $19.49 and its two-hundred day moving average price is $20.01. ProShares UltraShort QQQ has a fifty-two week low of $14.46 and a fifty-two week high of $30.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. HRT Financial LP acquired a new position in ProShares UltraShort QQQ in the 4th quarter valued at $3,418,000. Jump Financial LLC bought a new stake in ProShares UltraShort QQQ during the 4th quarter valued at approximately $2,157,000. IMC Chicago LLC bought a new stake in ProShares UltraShort QQQ during the 1st quarter valued at approximately $2,300,000. Pacific Point Advisors LLC bought a new stake in ProShares UltraShort QQQ during the 3rd quarter valued at approximately $2,153,000. Finally, Quadrature Capital Ltd bought a new stake in ProShares UltraShort QQQ during the 4th quarter valued at approximately $1,427,000.

About ProShares UltraShort QQQ

(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.

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