ProShares UltraShort Top QQQ (NASDAQ:QQDN – Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,716 shares, a growth of 119.4% from the August 15th total of 782 shares. Based on an average trading volume of 1,586 shares, the short-interest ratio is currently 1.1 days. Approximately 3.4% of the shares of the stock are sold short.
ProShares UltraShort Top QQQ Trading Down 0.1%
NASDAQ:QQDN traded down $0.02 during trading hours on Monday, hitting $20.59. The company’s stock had a trading volume of 319 shares, compared to its average volume of 2,873. ProShares UltraShort Top QQQ has a 52-week low of $19.63 and a 52-week high of $35.03. The business’s 50-day moving average is $21.54 and its two-hundred day moving average is $24.14.
Institutional Trading of ProShares UltraShort Top QQQ
An institutional investor recently bought a new position in ProShares UltraShort Top QQQ stock. BNP Paribas Financial Markets acquired a new position in shares of ProShares UltraShort Top QQQ (NASDAQ:QQDN – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 100,000 shares of the company’s stock, valued at approximately $3,662,000. BNP Paribas Financial Markets owned approximately 90.91% of ProShares UltraShort Top QQQ at the end of the most recent quarter.
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.
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