ProShares Short QQQ (NYSEARCA:PSQ) Short Interest Down 47.7% in January

ProShares Short QQQ (NYSEARCA:PSQ) saw a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 941,370 shares, a decline of 47.7% from the January 15th total of 1,798,514 shares. Approximately 5.4% of the shares of the stock are short sold. Based on an average trading volume of 14,411,776 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 14,411,776 shares, the short-interest ratio is presently 0.1 days. Approximately 5.4% of the shares of the stock are short sold.

ProShares Short QQQ Stock Performance

PSQ stock traded down $0.05 on Friday, hitting $30.97. 11,877,169 shares of the company were exchanged, compared to its average volume of 13,885,976. ProShares Short QQQ has a twelve month low of $29.24 and a twelve month high of $46.98. The business’s fifty day moving average is $30.15 and its two-hundred day moving average is $31.00.

Institutional Investors Weigh In On ProShares Short QQQ

A number of institutional investors have recently modified their holdings of PSQ. UBS Group AG increased its position in ProShares Short QQQ by 129.4% in the 4th quarter. UBS Group AG now owns 1,384,348 shares of the company’s stock valued at $41,807,000 after acquiring an additional 780,849 shares during the period. Stratos Wealth Advisors LLC purchased a new position in ProShares Short QQQ in the third quarter valued at about $11,038,000. One Plus One Wealth Management LLC lifted its stake in shares of ProShares Short QQQ by 64.9% in the 4th quarter. One Plus One Wealth Management LLC now owns 436,318 shares of the company’s stock valued at $13,177,000 after purchasing an additional 171,757 shares during the last quarter. Whittier Trust Co. acquired a new position in ProShares Short QQQ during the fourth quarter valued at approximately $4,026,000. Finally, Arkadios Wealth Advisors acquired a new position in shares of ProShares Short QQQ during the 2nd quarter worth about $4,066,000.

About ProShares Short QQQ

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.