ProShares UltraShort Top QQQ (NASDAQ:QQDN – Get Free Report) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 582 shares, a drop of 88.2% from the April 30th total of 4,937 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average trading volume of 2,267 shares, the short-interest ratio is currently 0.3 days.
ProShares UltraShort Top QQQ Stock Performance
Shares of NASDAQ:QQDN traded down $0.24 during mid-day trading on Thursday, reaching $20.36. The stock had a trading volume of 1,416 shares, compared to its average volume of 3,216. The firm has a 50 day simple moving average of $25.82 and a two-hundred day simple moving average of $26.47. ProShares UltraShort Top QQQ has a twelve month low of $19.63 and a twelve month high of $41.14.
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 bought a new position in shares of ProShares UltraShort Top QQQ (NASDAQ:QQDN – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 100,000 shares of the company’s stock, valued at approximately $3,662,000. BNP Paribas Financial Markets owned 90.91% of ProShares UltraShort Top QQQ as of its most recent filing with the SEC.
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.
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