ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Short Interest Update

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 5,060,000 shares, a growth of 60.1% from the September 15th total of 3,160,000 shares. Based on an average daily volume of 53,100,300 shares, the short-interest ratio is presently 0.1 days.

Shares of SQQQ opened at $20.84 on Friday. ProShares UltraPro Short QQQ has a 1-year low of $18.95 and a 1-year high of $162.15. The company’s fifty day simple moving average is $23.97 and its 200 day simple moving average is $41.60.

Hedge funds have recently added to or reduced their stakes in the business. HighTower Advisors LLC bought a new position in ProShares UltraPro Short QQQ during the first quarter worth $202,000. Carroll Financial Associates Inc. lifted its position in ProShares UltraPro Short QQQ by 1,400.0% during the second quarter. Carroll Financial Associates Inc. now owns 15,000 shares of the company’s stock worth $113,000 after purchasing an additional 14,000 shares during the period. Royal Bank of Canada lifted its position in ProShares UltraPro Short QQQ by 63.4% during the first quarter. Royal Bank of Canada now owns 17,513 shares of the company’s stock worth $340,000 after purchasing an additional 6,798 shares during the period. SeaCrest Wealth Management LLC lifted its position in ProShares UltraPro Short QQQ by 32.5% during the second quarter. SeaCrest Wealth Management LLC now owns 26,500 shares of the company’s stock worth $200,000 after purchasing an additional 6,500 shares during the period. Finally, Evolution Wealth Advisors LLC bought a new stake in ProShares UltraPro Short QQQ during the second quarter worth about $45,000.

ProShares UltraPro Short QQQ Company Profile

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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