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

HCM Defender 100 Index ETF (NYSEARCA:QQH) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 37,562 shares, an increase of 107.3% from the May 31st total of 18,117 shares. Based on an average daily trading volume, of 83,598 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.4% of the company’s shares are sold short.

HCM Defender 100 Index ETF Trading Up 1.5%

Shares of QQH stock traded up $1.24 on Tuesday, reaching $85.04. 62,338 shares of the company’s stock were exchanged, compared to its average volume of 59,641. HCM Defender 100 Index ETF has a 52 week low of $66.43 and a 52 week high of $89.64. The stock has a market capitalization of $769.61 million, a PE ratio of 34.63 and a beta of 1.14. The company’s fifty day simple moving average is $82.79 and its 200 day simple moving average is $77.93.

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.