Short Interest in ProShares Ultra Top QQQ (NASDAQ:QQUP) Drops By 41.5%

ProShares Ultra Top QQQ (NASDAQ:QQUP) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 24,055 shares, a drop of 41.5% from the November 30th total of 41,085 shares. Approximately 4.2% of the company’s shares are short sold. Based on an average daily volume of 43,887 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 43,887 shares, the days-to-cover ratio is currently 0.5 days. Approximately 4.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares Ultra Top QQQ stock. BNP Paribas Financial Markets purchased a new stake in ProShares Ultra Top QQQ (NASDAQ:QQUP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 100,000 shares of the company’s stock, valued at approximately $4,389,000. BNP Paribas Financial Markets owned about 31.25% of ProShares Ultra Top QQQ at the end of the most recent quarter.

ProShares Ultra Top QQQ Stock Down 1.5%

Shares of NASDAQ:QQUP traded down $0.91 during midday trading on Monday, hitting $58.30. The company had a trading volume of 29,476 shares, compared to its average volume of 31,375. ProShares Ultra Top QQQ has a 12 month low of $38.80 and a 12 month high of $65.32. The firm has a fifty day simple moving average of $59.66 and a 200 day simple moving average of $53.37.

ProShares Ultra Top QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 24th will be issued a $0.0943 dividend. This represents a $0.38 annualized dividend and a dividend yield of 0.6%. This is an increase from ProShares Ultra Top QQQ’s previous quarterly dividend of $0.07. The ex-dividend date is Wednesday, December 24th.

ProShares Ultra Top QQQ Company Profile

ProShares Ultra Top QQQ seeks to deliver 2× the daily performance of the Nasdaq‑100 Mega Index using swap-based leverage. It’s designed for short-term trading to gain amplified exposure to mega-cap tech, not for long-term investment.