ProShares UltraShort Top QQQ (NASDAQ:QQDN) Shares Shorted: Short Interest Down 52.2% in September

ProShares UltraShort Top QQQ (NASDAQ:QQDN) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 820 shares, a drop of 52.2% from the August 31st total of 1,716 shares. Based on an average daily volume of 2,020 shares, the short-interest ratio is currently 0.4 days. Currently, 1.6% of the shares of the stock are sold short.

ProShares UltraShort Top QQQ Price Performance

NASDAQ:QQDN traded up $0.34 on Tuesday, reaching $20.31. The stock had a trading volume of 4,644 shares, compared to its average volume of 2,812. ProShares UltraShort Top QQQ has a 1-year low of $19.56 and a 1-year high of $35.03. The stock has a fifty day moving average price of $21.08 and a 200-day moving average price of $23.45.

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.