HCM Defender 100 Index ETF (NYSEARCA:QQH) Sees Large Decline in Short Interest

HCM Defender 100 Index ETF (NYSEARCA:QQH) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 5,054 shares, a drop of 91.3% from the June 30th total of 58,131 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 128,318 shares, the days-to-cover ratio is currently 0.0 days.

HCM Defender 100 Index ETF Stock Performance

HCM Defender 100 Index ETF stock traded down $0.83 during trading hours on Friday, reaching $79.22. 52,034 shares of the company’s stock traded hands, compared to its average volume of 65,272. The firm has a market capitalization of $709.02 million, a price-to-earnings ratio of 34.63 and a beta of 1.14. HCM Defender 100 Index ETF has a fifty-two week low of $67.78 and a fifty-two week high of $89.64. The firm’s 50 day moving average is $84.25 and its 200-day moving average is $78.62.

About HCM Defender 100 Index ETF

The HCM Defender 100 Index ETF (QQH) is an exchange-traded fund that is based on the HCM Defender 100 index. The fund tracks a proprietary index that toggles between technology stocks and Treasurys, or a combination of both, depending on risk in the U.S. equity market. QQH was launched on Oct 10, 2019 and is managed by HCM.