ProShares UltraShort Top QQQ (NASDAQ:QQDN) Sees Large Drop in Short Interest

ProShares UltraShort Top QQQ (NASDAQ:QQDN) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 820 shares, a decline of 52.2% from the August 31st total of 1,716 shares. Based on an average daily volume of 2,020 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.6% of the shares of the company are sold short.

ProShares UltraShort Top QQQ Trading Up 0.6%

Shares of ProShares UltraShort Top QQQ stock traded up $0.12 during trading on Thursday, reaching $20.09. The company’s stock had a trading volume of 3,935 shares, compared to its average volume of 2,811. The business’s 50-day moving average price is $21.00 and its 200-day moving average price is $23.32. ProShares UltraShort Top QQQ has a 52 week low of $19.56 and a 52 week high of $35.03.

ProShares UltraShort Top QQQ Company Profile

ProShares Trust – ProShares UltraShort Top QQQ is an exchange traded fund launched and managed by ProShare Advisors LLC. The fund invests in public equity markets of global region. The fund invests through derivatives in stocks of companies operating across diversified sector. The fund uses derivatives such as swaps to create its portfolio. It invests in growth and value stocks of large-cap companies. It seeks to track -2x the daily performance of the Nasdaq-100 Index, by using full replication technique.