ProShares UltraShort Top QQQ (NASDAQ:QQDN) Stock Short Interest Jumps 103.7%

ProShares UltraShort Top QQQ (NASDAQ:QQDN) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 442 shares, an increase of 103.7% from the September 30th total of 217 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average daily volume of 1,528 shares, the days-to-cover ratio is presently 0.3 days.

ProShares UltraShort Top QQQ Trading Up 4.4%

QQDN traded up $0.92 during trading on Friday, reaching $21.79. The company had a trading volume of 2,360 shares, compared to its average volume of 2,643. The firm’s 50-day simple moving average is $20.23 and its 200 day simple moving average is $23.86. ProShares UltraShort Top QQQ has a 12-month low of $18.74 and a 12-month 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.