ProShares Trust UltraPro Short QQQ ETF (SQQQ) Sees Significant Increase in Short Interest

ProShares Trust UltraPro Short QQQ ETF (NASDAQ:SQQQ) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 1,268,690 shares, an increase of 41.6% from the August 15th total of 896,029 shares. Based on an average daily trading volume, of 7,182,873 shares, the short-interest ratio is currently 0.2 days.

Shares of ProShares Trust UltraPro Short QQQ ETF (NASDAQ SQQQ) opened at 26.87 on Thursday. ProShares Trust UltraPro Short QQQ ETF has a 1-year low of $11.69 and a 1-year high of $60.92. The firm’s 50-day moving average price is $27.93 and its 200 day moving average price is $31.97.

A number of institutional investors have recently modified their holdings of SQQQ. Tower Research Capital LLC TRC increased its holdings in ProShares Trust UltraPro Short QQQ ETF by 42,925.9% in the second quarter. Tower Research Capital LLC TRC now owns 83,040 shares of the company’s stock valued at $2,681,000 after buying an additional 82,847 shares in the last quarter. Cadence Capital Management LLC increased its holdings in ProShares Trust UltraPro Short QQQ ETF by 240.8% in the second quarter. Cadence Capital Management LLC now owns 92,670 shares of the company’s stock valued at $2,991,000 after buying an additional 65,480 shares in the last quarter. David R. Rahn & Associates Inc. purchased a new position in ProShares Trust UltraPro Short QQQ ETF in the second quarter valued at about $1,480,000. Virtu KCG Holdings LLC increased its holdings in ProShares Trust UltraPro Short QQQ ETF by 68.0% in the second quarter. Virtu KCG Holdings LLC now owns 28,772 shares of the company’s stock valued at $929,000 after buying an additional 11,648 shares in the last quarter. Finally, Clear Harbor Asset Management LLC purchased a new position in ProShares Trust UltraPro Short QQQ ETF in the second quarter valued at about $290,000.

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About ProShares Trust UltraPro Short QQQ ETF

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.

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