ProShares UltraShort QQQ (NYSEARCA:QID) Sees Large Decrease in Short Interest

Posted by James Quigley on Aug 1st, 2026

ProShares UltraShort QQQ (NYSEARCA:QID – Get Free Report) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 1,390,306 shares, a drop of 33.8% from the June 30th total of 2,101,261 shares. Based on an average daily trading volume, of 12,680,543 shares, the days-to-cover ratio is presently 0.1 days. Currently, 8.1% of the company’s stock are sold short.

Hedge Funds Weigh In On ProShares UltraShort QQQ

Several large investors have recently modified their holdings of QID. Genesis Financial Group LLC bought a new position in ProShares UltraShort QQQ during the 1st quarter worth approximately $5,067,000. HRT Financial LP acquired a new stake in shares of ProShares UltraShort QQQ during the 4th quarter worth approximately $3,418,000. Jump Financial LLC acquired a new stake in shares of ProShares UltraShort QQQ during the 4th quarter worth approximately $2,157,000. IMC Chicago LLC bought a new stake in shares of ProShares UltraShort QQQ in the 1st quarter worth approximately $2,300,000. Finally, Quadrature Capital Ltd acquired a new position in shares of ProShares UltraShort QQQ during the fourth quarter valued at $1,427,000.

ProShares UltraShort QQQ Trading Down 1.2%

QID traded down $0.19 during trading on Friday, hitting $15.43. The company had a trading volume of 15,350,755 shares, compared to its average volume of 23,578,084. The business has a 50-day moving average of $14.50 and a 200-day moving average of $17.80. ProShares UltraShort QQQ has a 1-year low of $13.39 and a 1-year high of $25.54.

About ProShares UltraShort QQQ

(Get Free Report)

ProShares UltraShort QQQ (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the NASDAQ-100 Index (the Index). The NASDAQ-100 Index includes 100 of the largest domestic and international non-financial companies listed on The NASDAQ Stock Market based on market capitalization. The Index reflects companies across industry groups, including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology.