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After a long wait, tech stock investors have plenty to cheer about. It took a whopping 167 days, but the Nasdaq-100 index last week surpassed its previous closing high from back in October 2025 while also racking up its longest daily positive streak since 1992.
ProShares UltraShort QQQ (NYSEARCA:QID - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $20.82 and traded as high as $21.13. ProShares UltraShort QQQ shares last traded at $21.02, with a volume of 19,770,376 shares changing hands. ProShares UltraShort QQQ
ProShares UltraShort QQQ (NYSEARCA:QID - Get Free Report) was the target of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 2,435,552 shares, a growth of 87.8% from the January 29th total of 1,296,711 shares. Approximately 20.1% of the shares of the company are
AI disruption fears triggered a sharp software stock selloff. Explore inverse ETFs that could help investors hedge or benefit from the ongoing tech rout.
Big Tech's horrible breadth participation and falling number of new highs in August may signal a corrective phase for price, going into the seasonally weak early autumn period of trading. Rising recession odds and a fading AI mania make ProShares UltraShort QQQ an attractive hedge for tech-heavy portfolios. QID offers 2x leveraged downside protection without triggering capital gains on tech winners but comes with time-decay expense and high fees when holding for longer periods.
AI stocks stumbled this week, short sellers won big. Inverse ETFs like SQQQ, TECS, BERZ & QID shone as investors hedged against the AI trade.
QID is a daily trading tool, not a buy and hold investment. The costs as a trading tool are fairly small given liquidity and the spread. The question is whether we want to be trading this specific market - if we do, QID is a useful tool.
After reaching a multi-year low in early April amid the tariff-related market selloff, the Technology Select Sector SPDR Fund NYSEARCA: XLK has recovered some ground as of mid-May. However, the tech sector as represented by this benchmark fund is still experiencing a lackluster start to the year; XLK is down more than 6% year-to-date (YTD).