ProShares UltraShort Top QQQ (NASDAQ:QQDN) Sees Significant Growth in Short Interest

Posted by Andrew Walz on Mar 29th, 2026

ProShares UltraShort Top QQQ (NASDAQ:QQDN – Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 1,008 shares, a growth of 37.7% from the February 26th total of 732 shares. Currently, 2.0% of the company’s stock are sold short. Based on an average trading volume of 2,976 shares, the days-to-cover ratio is presently 0.3 days.

ProShares UltraShort Top QQQ Price Performance

Shares of NASDAQ QQDN traded up $1.63 during midday trading on Friday, reaching $34.46. The company’s stock had a trading volume of 1,386 shares, compared to its average volume of 3,486. The firm has a 50 day moving average price of $28.83 and a 200-day moving average price of $27.14. ProShares UltraShort Top QQQ has a 12-month low of $23.60 and a 12-month high of $41.14.

ProShares UltraShort Top QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be paid a $0.1593 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $0.64 annualized dividend and a dividend yield of 1.8%.

Hedge Funds Weigh In On ProShares UltraShort Top QQQ

An institutional investor recently bought a new position in ProShares UltraShort Top QQQ stock. BNP Paribas Financial Markets purchased a new stake in ProShares UltraShort Top QQQ (NASDAQ:QQDN – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 100,000 shares of the company’s stock, valued at approximately $3,662,000. BNP Paribas Financial Markets owned 90.91% of ProShares UltraShort Top QQQ as of its most recent SEC filing.

ProShares UltraShort Top QQQ Company Profile

(Get Free Report)

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.