ProShares Trust UltraPro Short QQQ ETF (NASDAQ:SQQQ) was the target of a large growth in short interest in October. As of October 13th, there was short interest totalling 1,631,141 shares, a growth of 49.2% from the September 29th total of 1,093,127 shares. Based on an average daily volume of 4,720,921 shares, the days-to-cover ratio is currently 0.3 days.

Shares of ProShares Trust UltraPro Short QQQ ETF (NASDAQ:SQQQ) opened at 26.00 on Friday. The stock has a 50 day moving average of $26.38 and a 200-day moving average of $29.81. ProShares Trust UltraPro Short QQQ ETF has a one year low of $24.84 and a one year high of $60.92.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Simplex Trading LLC acquired a new position in shares of ProShares Trust UltraPro Short QQQ ETF during the third quarter worth $444,000. Clear Harbor Asset Management LLC lifted its position in shares of ProShares Trust UltraPro Short QQQ ETF by 62.2% during the third quarter. Clear Harbor Asset Management LLC now owns 15,640 shares of the company’s stock worth $419,000 after purchasing an additional 6,000 shares in the last quarter. Crow Point Partners LLC acquired a new position in shares of ProShares Trust UltraPro Short QQQ ETF during the third quarter worth $274,000. Tower Research Capital LLC TRC lifted its position in shares of ProShares Trust UltraPro Short QQQ ETF by 42,925.9% during the second quarter. Tower Research Capital LLC TRC now owns 83,040 shares of the company’s stock worth $2,681,000 after purchasing an additional 82,847 shares in the last quarter. Finally, Virtu KCG Holdings LLC lifted its position in shares of ProShares Trust UltraPro Short QQQ ETF by 68.0% during the second quarter. Virtu KCG Holdings LLC now owns 28,772 shares of the company’s stock worth $929,000 after purchasing an additional 11,648 shares in the last quarter.

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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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