ProShares UltraShort Top QQQ (NASDAQ:QQDN – Get Free Report) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,716 shares, an increase of 119.4% from the August 15th total of 782 shares. Based on an average trading volume of 1,586 shares, the short-interest ratio is currently 1.1 days. Approximately 3.4% of the shares of the stock are sold short.
ProShares UltraShort Top QQQ Stock Performance
Shares of QQDN traded down $0.02 on Monday, reaching $20.59. The stock had a trading volume of 319 shares, compared to its average volume of 2,873. The firm has a 50-day moving average of $21.54 and a 200 day moving average of $24.14. ProShares UltraShort Top QQQ has a twelve month low of $19.63 and a twelve month high of $35.03.
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 position in shares of ProShares UltraShort Top QQQ (NASDAQ:QQDN – Free Report) in the 2nd quarter, according to the company in its most recent disclosure 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 about 90.91% of ProShares UltraShort Top QQQ as of its most recent SEC filing.
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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