HCM Defender 100 Index ETF (NYSEARCA:QQH) Sees Large Increase in Short Interest

HCM Defender 100 Index ETF (NYSEARCA:QQH) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 11,153 shares, a growth of 1,251.9% from the September 15th total of 825 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 73,922 shares, the short-interest ratio is presently 0.2 days.

HCM Defender 100 Index ETF Trading Up 0.6%

Shares of NYSEARCA:QQH traded up $0.57 during midday trading on Friday, reaching $89.40. The company had a trading volume of 34,736 shares, compared to its average volume of 60,810. The company’s 50 day moving average price is $85.37 and its 200 day moving average price is $82.03. The stock has a market cap of $791.19 million, a P/E ratio of 34.63 and a beta of 1.12. HCM Defender 100 Index ETF has a 52-week low of $68.57 and a 52-week high of $91.04.

About HCM Defender 100 Index ETF

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.