ProShares UltraShort QQQ (NYSEARCA:QID) Short Interest Update

ProShares UltraShort QQQ (NYSEARCA:QID) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 1,183,283 shares, a decline of 70.9% from the December 15th total of 4,065,632 shares. Based on an average daily trading volume, of 19,995,807 shares, the days-to-cover ratio is currently 0.1 days. Currently, 10.9% of the company’s shares are sold short. Currently, 10.9% of the company’s shares are sold short. Based on an average daily trading volume, of 19,995,807 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in QID. Kingstone Capital Partners Texas LLC increased its stake in ProShares UltraShort QQQ by 60,527.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 53,600,614 shares of the exchange traded fund’s stock worth $1,357,168,000 after buying an additional 53,512,204 shares during the period. Pacific Point Advisors LLC acquired a new position in shares of ProShares UltraShort QQQ in the third quarter worth $2,153,000. UBS Group AG increased its position in shares of ProShares UltraShort QQQ by 32.7% during the third quarter. UBS Group AG now owns 70,197 shares of the exchange traded fund’s stock worth $1,511,000 after acquiring an additional 17,279 shares during the period. Squarepoint Ops LLC raised its stake in shares of ProShares UltraShort QQQ by 137.3% in the second quarter. Squarepoint Ops LLC now owns 61,515 shares of the exchange traded fund’s stock valued at $1,558,000 after acquiring an additional 35,595 shares in the last quarter. Finally, Group One Trading LLC boosted its holdings in ProShares UltraShort QQQ by 1,051.2% in the second quarter. Group One Trading LLC now owns 55,604 shares of the exchange traded fund’s stock valued at $1,408,000 after purchasing an additional 50,774 shares during the period.

ProShares UltraShort QQQ Price Performance

QID traded up $0.16 during mid-day trading on Tuesday, hitting $19.57. 28,740,195 shares of the stock were exchanged, compared to its average volume of 33,950,398. The firm’s fifty day moving average is $20.36 and its two-hundred day moving average is $22.09. ProShares UltraShort QQQ has a 1-year low of $19.12 and a 1-year high of $50.45.

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.