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

HCM Defender 100 Index ETF (NYSEARCA:QQH) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 21,692 shares, a growth of 329.2% from the July 15th total of 5,054 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 65,455 shares, the days-to-cover ratio is presently 0.3 days.

HCM Defender 100 Index ETF Stock Performance

QQH stock traded up $0.58 during midday trading on Wednesday, reaching $85.03. The stock had a trading volume of 31,098 shares, compared to its average volume of 64,582. The firm has a fifty day simple moving average of $83.25 and a two-hundred day simple moving average of $78.95. HCM Defender 100 Index ETF has a 52-week low of $68.57 and a 52-week high of $89.64. The stock has a market cap of $761.02 million, a PE ratio of 34.63 and a beta of 1.14.

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.