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

HCM Defender 100 Index ETF (NYSEARCA:QQH) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 11,955 shares, a decrease of 44.9% from the July 30th total of 21,692 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 50,976 shares, the days-to-cover ratio is currently 0.2 days.

HCM Defender 100 Index ETF Price Performance

Shares of NYSEARCA QQH traded up $0.11 during mid-day trading on Monday, hitting $84.13. The company had a trading volume of 31,117 shares, compared to its average volume of 62,113. HCM Defender 100 Index ETF has a 12 month low of $68.57 and a 12 month high of $89.64. The stock has a market cap of $752.96 million, a price-to-earnings ratio of 34.63 and a beta of 1.14. The firm’s 50 day simple moving average is $83.00 and its two-hundred day simple moving average is $79.63.

HCM Defender 100 Index ETF Company Profile

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.