ProShares UltraShort Top QQQ (NASDAQ:QQDN) Shares Shorted: Short Interest Down 73.5% in September

ProShares UltraShort Top QQQ (NASDAQ:QQDN) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 217 shares, a decrease of 73.5% from the September 15th total of 820 shares. Based on an average trading volume of 1,858 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.4% of the shares of the company are sold short.

ProShares UltraShort Top QQQ Stock Performance

NASDAQ:QQDN traded down $0.12 during mid-day trading on Tuesday, hitting $18.95. The company’s stock had a trading volume of 9 shares, compared to its average volume of 2,756. ProShares UltraShort Top QQQ has a fifty-two week low of $18.74 and a fifty-two week high of $35.03. The stock has a fifty day moving average of $20.34 and a 200-day moving average of $22.67.

About ProShares UltraShort Top QQQ

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.