ProShares UltraShort Top QQQ (NASDAQ:QQDN – Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 729 shares, a growth of 138.2% from the June 30th total of 306 shares. Based on an average daily volume of 1,365 shares, the days-to-cover ratio is currently 0.5 days. Approximately 1.5% of the company’s stock are short sold.
ProShares UltraShort Top QQQ Stock Up 0.0%
ProShares UltraShort Top QQQ stock opened at $24.25 on Tuesday. ProShares UltraShort Top QQQ has a 1-year low of $19.63 and a 1-year high of $35.03. The company has a fifty day simple moving average of $22.57 and a 200 day simple moving average of $25.60.
Institutional Trading of ProShares UltraShort Top QQQ
An institutional investor recently bought a new stake in ProShares UltraShort Top QQQ stock. BNP Paribas Financial Markets purchased a new stake in shares of ProShares UltraShort Top QQQ (NASDAQ:QQDN – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $3,662,000. BNP Paribas Financial Markets owned about 90.91% of ProShares UltraShort Top QQQ as of its most recent filing with the Securities and Exchange Commission (SEC).
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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