ProShares UltraShort Top QQQ (NASDAQ:QQDN) Stock Short Interest Falls 73.5%

ProShares UltraShort Top QQQ (NASDAQ:QQDN) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 217 shares, a drop of 73.5% from the September 15th total of 820 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,858 shares, the short-interest ratio is currently 0.1 days.

ProShares UltraShort Top QQQ Stock Up 0.5%

NASDAQ QQDN traded up $0.10 during trading hours on Monday, hitting $19.08. 2,010 shares of the company’s stock traded hands, compared to its average volume of 2,753. ProShares UltraShort Top QQQ has a 52-week low of $18.74 and a 52-week high of $35.03. The firm’s 50-day moving average is $20.37 and its 200-day moving average is $22.75.

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.