ProShares UltraShort Top QQQ (NASDAQ:QQDN) Short Interest Update

ProShares UltraShort Top QQQ (NASDAQ:QQDN) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 306 shares, a decrease of 91.1% from the June 15th total of 3,447 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 2,528 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On ProShares UltraShort Top QQQ

A hedge fund recently bought a new stake in ProShares UltraShort Top QQQ stock. BNP Paribas Financial Markets bought a new position in ProShares UltraShort Top QQQ (NASDAQ:QQDN) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 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 at the end of the most recent reporting period.

ProShares UltraShort Top QQQ Stock Down 1.1%

Shares of NASDAQ:QQDN traded down $0.25 during mid-day trading on Friday, hitting $22.19. 367 shares of the company traded hands, compared to its average volume of 3,266. ProShares UltraShort Top QQQ has a 12-month low of $19.63 and a 12-month high of $36.30. The stock has a 50-day moving average price of $22.23 and a two-hundred day moving average price of $25.84.

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.