ProShares UltraShort Top QQQ (NASDAQ:QQDN) Sees Significant Decrease in Short Interest

ProShares UltraShort Top QQQ (NASDAQ:QQDN) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 820 shares, a decline of 52.2% from the August 31st total of 1,716 shares. Based on an average trading volume of 2,020 shares, the short-interest ratio is presently 0.4 days. Approximately 1.6% of the shares of the stock are short sold.

ProShares UltraShort Top QQQ Price Performance

Shares of QQDN traded down $0.34 during midday trading on Wednesday, reaching $19.97. The stock had a trading volume of 1,731 shares, compared to its average volume of 2,806. The company’s 50-day moving average is $21.04 and its 200 day moving average is $23.39. ProShares UltraShort Top QQQ has a 12-month low of $19.56 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.