HCM Defender 100 Index ETF (NYSEARCA:QQH) Sees Significant Growth in Short Interest

HCM Defender 100 Index ETF (NYSEARCA:QQH) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 21,692 shares, an increase of 329.2% from the July 15th total of 5,054 shares. Based on an average daily trading volume, of 65,455 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

HCM Defender 100 Index ETF Price Performance

Shares of HCM Defender 100 Index ETF stock traded down $0.23 during midday trading on Friday, hitting $85.99. 14,362 shares of the company were exchanged, compared to its average volume of 64,217. The firm has a market cap of $769.61 million, a P/E ratio of 34.63 and a beta of 1.14. HCM Defender 100 Index ETF has a 52 week low of $68.57 and a 52 week high of $89.64. The firm has a 50 day simple moving average of $83.13 and a 200-day simple moving average of $79.06.

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.