ProShares UltraShort Top QQQ (NASDAQ:QQDN) Short Interest Up 119.4% in August

ProShares UltraShort Top QQQ (NASDAQ:QQDN) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,716 shares, an increase of 119.4% from the August 15th total of 782 shares. Based on an average trading volume of 1,586 shares, the days-to-cover ratio is currently 1.1 days. Approximately 3.4% of the company’s shares are sold short.

ProShares UltraShort Top QQQ Stock Up 2.2%

QQDN stock opened at $21.29 on Wednesday. The company has a fifty day moving average price of $21.46 and a 200-day moving average price of $24.04. ProShares UltraShort Top QQQ has a 52-week low of $19.63 and a 52-week high of $35.03.

ProShares UltraShort Top QQQ Company Profile

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.