ProShares Short QQQ (NYSEARCA:PSQ) Sees Large Growth in Short Interest

ProShares Short QQQ (NYSEARCA:PSQ) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 3,030,610 shares, a growth of 125.1% from the September 30th total of 1,346,344 shares. Currently, 12.2% of the shares of the company are sold short. Based on an average trading volume of 20,454,112 shares, the short-interest ratio is currently 0.1 days.

ProShares Short QQQ Stock Up 3.5%

Shares of PSQ stock traded up $0.91 during trading hours on Friday, reaching $26.63. The stock had a trading volume of 33,938,096 shares, compared to its average volume of 11,879,256. The firm has a 50-day simple moving average of $25.44 and a 200-day simple moving average of $27.53. ProShares Short QQQ has a twelve month low of $24.09 and a twelve month high of $33.47.

Institutional Investors Weigh In On ProShares Short QQQ

Large investors have recently made changes to their positions in the company. Vima LLC grew its stake in shares of ProShares Short QQQ by 274.7% in the third quarter. Vima LLC now owns 2,342 shares of the company’s stock worth $58,000 after purchasing an additional 1,717 shares in the last quarter. Citizens Financial Group Inc. RI bought a new stake in shares of ProShares Short QQQ during the 3rd quarter worth about $231,000. Tevis Investment Management acquired a new stake in shares of ProShares Short QQQ in the 1st quarter worth approximately $241,000. Axiom Investment Management LLC acquired a new stake in shares of ProShares Short QQQ in the 1st quarter worth approximately $354,000. Finally, Auour Investments LLC lifted its position in ProShares Short QQQ by 10.1% in the third quarter. Auour Investments LLC now owns 15,116 shares of the company’s stock worth $375,000 after purchasing an additional 1,381 shares during the period.

ProShares Short QQQ Company Profile

ProShares Short QQQ is focused on daily investment results that correspond to the inverse (opposite) of the daily performance of the NASDAQ-100 Index. The NASDAQ-100 Index represents non-financial domestic and international issues listed on The NASDAQ Stock Market. The Fund takes positions in financial instruments (including derivatives) that in combination should have similar daily return characteristics as the inverse of the NASDAQ-100 Index. ProShares Short QQQ will not directly sell short the equity securities of issuers contained in the NASDAQ-100 Index.