ProShares Trust UltraPro Short QQQ ETF (NASDAQ:SQQQ) was the recipient of 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 volume of 7,182,873 shares, the short-interest ratio is presently 0.2 days.

ProShares Trust UltraPro Short QQQ ETF (NASDAQ SQQQ) opened at 26.68 on Friday. The company has a 50 day moving average price of $28.02 and a 200 day moving average price of $32.23. ProShares Trust UltraPro Short QQQ ETF has a 52 week low of $11.69 and a 52 week high of $60.92.

A number of large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its position 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 purchasing an additional 82,847 shares during the period. Virtu KCG Holdings LLC lifted its position 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 purchasing an additional 11,648 shares during the period. Cadence Capital Management LLC lifted its position 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 purchasing an additional 65,480 shares during the period. David R. Rahn & Associates Inc. acquired a new stake in ProShares Trust UltraPro Short QQQ ETF in the second quarter valued at about $1,480,000. Finally, Clear Harbor Asset Management LLC acquired a new stake 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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