ProShares UltraShort Top QQQ (NASDAQ:QQDN – Get Free Report) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 442 shares, a growth of 103.7% from the September 30th total of 217 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average trading volume of 1,528 shares, the days-to-cover ratio is presently 0.3 days.
ProShares UltraShort Top QQQ Trading Up 4.4%
ProShares UltraShort Top QQQ stock traded up $0.92 during mid-day trading on Friday, hitting $21.79. 2,360 shares of the company’s stock traded hands, compared to its average volume of 2,643. The firm has a 50 day simple moving average of $20.23 and a two-hundred day simple moving average of $23.86. ProShares UltraShort Top QQQ has a fifty-two week low of $18.74 and a fifty-two week high of $35.03.
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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