ProShares UltraShort QQQ (NYSEARCA:QID) Short Interest Update

ProShares UltraShort QQQ (NYSEARCA:QID) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 1,390,306 shares, a decrease of 33.8% from the June 30th total of 2,101,261 shares. Based on an average trading volume of 12,680,543 shares, the short-interest ratio is currently 0.1 days. Currently, 8.1% of the shares of the company are sold short.

ProShares UltraShort QQQ Stock Down 6.6%

Shares of QID opened at $15.62 on Friday. The stock has a 50-day moving average of $14.48 and a two-hundred day moving average of $17.82. ProShares UltraShort QQQ has a one year low of $13.39 and a one year high of $25.54.

Hedge Funds Weigh In On ProShares UltraShort QQQ

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Hillsdale Investment Management Inc. boosted its holdings in ProShares UltraShort QQQ by 3.5% during the first quarter. Hillsdale Investment Management Inc. now owns 35,290 shares of the exchange traded fund’s stock worth $800,000 after buying an additional 1,190 shares in the last quarter. Captrust Financial Advisors raised its position in shares of ProShares UltraShort QQQ by 15.5% in the second quarter. Captrust Financial Advisors now owns 9,152 shares of the exchange traded fund’s stock worth $232,000 after acquiring an additional 1,228 shares during the period. Farther Finance Advisors LLC purchased a new stake in shares of ProShares UltraShort QQQ during the 4th quarter worth about $48,000. Tower Research Capital LLC TRC boosted its stake in shares of ProShares UltraShort QQQ by 30.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 20,717 shares of the exchange traded fund’s stock worth $525,000 after acquiring an additional 4,803 shares in the last quarter. Finally, Two Sigma Securities LLC grew its position in shares of ProShares UltraShort QQQ by 87.0% during the 2nd quarter. Two Sigma Securities LLC now owns 17,370 shares of the exchange traded fund’s stock valued at $440,000 after acquiring an additional 8,082 shares during the period.

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.