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

ProShares UltraShort Top QQQ (NASDAQ:QQDN) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 306 shares, a decrease of 91.1% from the June 15th total of 3,447 shares. Based on an average daily volume of 2,528 shares, the short-interest ratio is presently 0.1 days. Approximately 0.6% of the company’s stock are short sold.

ProShares UltraShort Top QQQ Trading Down 1.1%

NASDAQ:QQDN traded down $0.25 on Friday, hitting $22.19. The stock had a trading volume of 367 shares, compared to its average volume of 3,266. ProShares UltraShort Top QQQ has a 1 year low of $19.63 and a 1 year high of $36.30. The firm’s fifty day simple moving average is $22.23 and its two-hundred day simple moving average is $25.84.

Institutional Trading of ProShares UltraShort Top QQQ

An institutional investor recently bought a new stake in ProShares UltraShort Top QQQ stock. BNP Paribas Financial Markets purchased a new position in shares of ProShares UltraShort Top QQQ (NASDAQ:QQDN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

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.