ProShares Short QQQ (NYSEARCA:PSQ) Short Interest Up 46.7% in February

ProShares Short QQQ (NYSEARCA:PSQ) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 1,380,630 shares, a growth of 46.7% from the January 29th total of 941,370 shares. Based on an average daily trading volume, of 14,296,770 shares, the days-to-cover ratio is presently 0.1 days. Approximately 7.9% of the shares of the company are short sold. Approximately 7.9% of the shares of the company are short sold. Based on an average daily trading volume, of 14,296,770 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of ProShares Short QQQ

A number of hedge funds and other institutional investors have recently made changes to their positions in PSQ. XTX Topco Ltd bought a new position in shares of ProShares Short QQQ in the fourth quarter valued at approximately $371,000. IHT Wealth Management LLC boosted its stake in ProShares Short QQQ by 1,155.4% during the 4th quarter. IHT Wealth Management LLC now owns 145,000 shares of the company’s stock valued at $4,379,000 after purchasing an additional 133,450 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of ProShares Short QQQ in the 4th quarter worth $4,961,000. Camarda Financial Advisors LLC lifted its holdings in shares of ProShares Short QQQ by 67.4% in the fourth quarter. Camarda Financial Advisors LLC now owns 41,038 shares of the company’s stock valued at $1,239,000 after buying an additional 16,530 shares during the period. Finally, Game Creek Capital LP lifted its holdings in shares of ProShares Short QQQ by 20.4% in the fourth quarter. Game Creek Capital LP now owns 213,750 shares of the company’s stock valued at $6,455,000 after buying an additional 36,250 shares during the period.

ProShares Short QQQ Stock Down 0.1%

ProShares Short QQQ stock traded down $0.04 during mid-day trading on Monday, hitting $30.71. 11,190,638 shares of the company’s stock traded hands, compared to its average volume of 12,856,286. ProShares Short QQQ has a one year low of $29.24 and a one year high of $46.98. The firm has a 50 day moving average price of $30.21 and a 200 day moving average price of $30.83.

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.