ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Short Interest Update

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 9,195,121 shares, a drop of 39.6% from the June 15th total of 15,229,889 shares. Approximately 17.1% of the shares of the stock are sold short. Based on an average trading volume of 64,683,434 shares, the days-to-cover ratio is presently 0.1 days.

ProShares UltraPro Short QQQ Stock Up 2.9%

SQQQ traded up $1.14 during trading on Thursday, hitting $40.08. 23,624,875 shares of the stock traded hands, compared to its average volume of 59,438,945. The business has a 50 day moving average price of $40.07 and a 200 day moving average price of $58.32. ProShares UltraPro Short QQQ has a twelve month low of $35.80 and a twelve month high of $98.85.

Hedge Funds Weigh In On ProShares UltraPro Short QQQ

Institutional investors have recently modified their holdings of the business. IMC Chicago LLC grew its position in ProShares UltraPro Short QQQ by 267.3% in the first quarter. IMC Chicago LLC now owns 809,094 shares of the company’s stock valued at $65,124,000 after acquiring an additional 588,799 shares during the last quarter. Jump Financial LLC raised its stake in ProShares UltraPro Short QQQ by 291.5% during the third quarter. Jump Financial LLC now owns 558,887 shares of the company’s stock worth $8,512,000 after acquiring an additional 416,119 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of ProShares UltraPro Short QQQ in the second quarter worth about $6,504,000. Goldman Sachs Group Inc. bought a new position in shares of ProShares UltraPro Short QQQ in the first quarter worth about $7,668,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of ProShares UltraPro Short QQQ by 804.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 184,884 shares of the company’s stock valued at $2,816,000 after purchasing an additional 164,440 shares in the last quarter.

About ProShares UltraPro Short QQQ

ProShares UltraPro Short QQQ (the Fund) seeks daily investment results, which corresponds to three times the inverse of the daily performance of the NASDAQ-100 Index (the Index). The Index includes 100 of the non-financial domestic and international issues listed on National Association of Securities Dealers Automated Quotation (NASDAQ) Stock Market. The Fund invests in derivatives. It also invests in short-term cash instruments, which have a remaining maturity of 397 days or less and exhibit high quality credit profiles.