ProShares UltraShort QQQ (NYSEARCA:QID) Short Interest Up 87.8% in February

ProShares UltraShort QQQ (NYSEARCA:QID) was the target of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 2,435,552 shares, a growth of 87.8% from the January 29th total of 1,296,711 shares. Based on an average daily volume of 26,256,878 shares, the days-to-cover ratio is presently 0.1 days. Approximately 20.1% of the shares of the stock are sold short. Approximately 20.1% of the shares of the stock are sold short. Based on an average daily volume of 26,256,878 shares, the days-to-cover ratio is presently 0.1 days.

ProShares UltraShort QQQ Price Performance

QID stock traded up $0.14 during mid-day trading on Friday, hitting $20.74. The stock had a trading volume of 22,555,958 shares, compared to its average volume of 29,582,057. ProShares UltraShort QQQ has a 52 week low of $18.87 and a 52 week high of $50.45. The firm has a fifty day simple moving average of $20.13 and a 200 day simple moving average of $21.06.

Institutional Investors Weigh In On ProShares UltraShort QQQ

Several institutional investors and hedge funds have recently added to or reduced their stakes in QID. HRT Financial LP bought a new position in ProShares UltraShort QQQ in the 4th quarter valued at approximately $3,418,000. Jump Financial LLC acquired a new position in ProShares UltraShort QQQ in the 4th quarter valued at approximately $2,157,000. Pacific Point Advisors LLC bought a new position in shares of ProShares UltraShort QQQ during the third quarter valued at $2,153,000. Quadrature Capital Ltd bought a new position in shares of ProShares UltraShort QQQ during the fourth quarter valued at $1,427,000. Finally, Hamilton Wealth LLC acquired a new position in shares of ProShares UltraShort QQQ during the fourth quarter worth $1,103,000.

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.