HCM Defender 100 Index ETF (NYSEARCA:QQH) Sees Large Decline in Short Interest

HCM Defender 100 Index ETF (NYSEARCA:QQH) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 11,955 shares, a decrease of 44.9% from the July 30th total of 21,692 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 50,976 shares, the short-interest ratio is presently 0.2 days.

HCM Defender 100 Index ETF Stock Performance

QQH stock traded down $1.27 during midday trading on Tuesday, hitting $82.86. 11,293 shares of the stock were exchanged, compared to its average volume of 61,795. The stock’s 50-day moving average price is $83.00 and its 200-day moving average price is $79.63. The stock has a market cap of $741.60 million, a price-to-earnings ratio of 34.63 and a beta of 1.14. HCM Defender 100 Index ETF has a fifty-two week low of $68.57 and a fifty-two week high of $89.64.

About HCM Defender 100 Index ETF

The HCM Defender 100 Index ETF (QQH) is an exchange-traded fund that is based on the HCM Defender 100 index. The fund tracks a proprietary index that toggles between technology stocks and Treasurys, or a combination of both, depending on risk in the U.S. equity market. QQH was launched on Oct 10, 2019 and is managed by HCM.