ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Short Interest Up 80.2% in May

by · The Cerbat Gem

ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 14,039,124 shares, a growth of 80.2% from the May 14th total of 7,789,710 shares. Based on an average daily volume of 61,410,786 shares, the days-to-cover ratio is presently 0.2 days. Currently, 24.9% of the company’s stock are sold short.

ProShares UltraPro Short QQQ Stock Performance

NASDAQ SQQQ traded down $3.75 on Monday, reaching $36.29. The stock had a trading volume of 44,508,018 shares, compared to its average volume of 59,538,516. The business has a 50 day moving average price of $50.17 and a 200 day moving average price of $63.17. ProShares UltraPro Short QQQ has a 1 year low of $36.15 and a 1 year high of $115.80.

Institutional Trading of ProShares UltraPro Short QQQ

Large investors have recently made changes to their positions in the stock. Sollinda Capital Management LLC bought a new stake in shares of ProShares UltraPro Short QQQ during the 4th quarter worth about $3,435,000. CreativeOne Wealth LLC acquired a new position in shares of ProShares UltraPro Short QQQ during the 3rd quarter worth about $831,000. Smithfield Trust Co lifted its position in shares of ProShares UltraPro Short QQQ by 330.6% during the 3rd quarter. Smithfield Trust Co now owns 559,600 shares of the company’s stock worth $8,523,000 after purchasing an additional 429,640 shares during the last quarter. Citigroup Inc. lifted its position in shares of ProShares UltraPro Short QQQ by 17.5% during the 3rd quarter. Citigroup Inc. now owns 714,260 shares of the company’s stock worth $10,878,000 after purchasing an additional 106,243 shares during the last quarter. Finally, Intellectus Partners LLC acquired a new position in shares of ProShares UltraPro Short QQQ during the 3rd quarter worth about $381,000.

About ProShares UltraPro Short QQQ

(Get Free Report)

ProShares UltraPro Short QQQ (the Fund) seeks daily investment results, which corresponds to three times the inverse of the daily performance of the NASDAQ-100 Index (the Index). The Index includes 100 of the non-financial domestic and international issues listed on National Association of Securities Dealers Automated Quotation (NASDAQ) Stock Market. The Fund invests in derivatives. It also invests in short-term cash instruments, which have a remaining maturity of 397 days or less and exhibit high quality credit profiles.

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