ProShares UltraShort Top QQQ (NASDAQ:QQDN – Get Free Report) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 3,447 shares, an increase of 304.1% from the May 31st total of 853 shares. Based on an average daily volume of 5,708 shares, the short-interest ratio is currently 0.6 days. Currently, 6.9% of the company’s stock are short sold.
Institutional Investors Weigh In On ProShares UltraShort Top QQQ
An institutional investor recently bought a new position in ProShares UltraShort Top QQQ stock. BNP Paribas Financial Markets purchased a new position in shares of ProShares UltraShort Top QQQ (NASDAQ:QQDN – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 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 as of its most recent filing with the Securities and Exchange Commission.
ProShares UltraShort Top QQQ Trading Down 2.2%
NASDAQ:QQDN traded down $0.57 during mid-day trading on Friday, hitting $25.52. The company had a trading volume of 1,064 shares, compared to its average volume of 3,386. The business has a fifty day simple moving average of $22.35 and a 200-day simple moving average of $26.01. ProShares UltraShort Top QQQ has a 1 year low of $19.63 and a 1 year high of $38.04.
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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