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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.