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

ProShares UltraShort Top QQQ (NASDAQ:QQDN) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 3,447 shares, a growth of 304.1% from the May 31st total of 853 shares. Approximately 6.9% of the company’s stock are short sold. Based on an average daily volume of 5,708 shares, the short-interest ratio is currently 0.6 days.

ProShares UltraShort Top QQQ Trading Down 2.2%

Shares of NASDAQ QQDN traded down $0.57 during trading on Friday, reaching $25.52. 1,064 shares of the stock were exchanged, compared to its average volume of 3,386. The business’s 50-day moving average price is $22.35 and its 200 day moving average price is $26.01. ProShares UltraShort Top QQQ has a twelve month low of $19.63 and a twelve month high of $38.04.

Hedge Funds Weigh In On ProShares UltraShort Top QQQ

A hedge fund recently bought a new position in ProShares UltraShort Top QQQ stock. BNP Paribas Financial Markets acquired a new stake in ProShares UltraShort Top QQQ (NASDAQ:QQDN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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 at the end of the most recent reporting period.

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.