ProShares Ultra Top QQQ (NASDAQ:QQUP) Short Interest Update

ProShares Ultra Top QQQ (NASDAQ:QQUP) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 3,371 shares, a decline of 30.1% from the January 29th total of 4,826 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 15,759 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 15,759 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.5% of the company’s stock are sold short.

Institutional Investors Weigh In On ProShares Ultra Top QQQ

An institutional investor recently bought a new position in ProShares Ultra Top QQQ stock. BNP Paribas Financial Markets bought a new position in ProShares Ultra Top QQQ (NASDAQ:QQUP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 as of its most recent SEC filing.

ProShares Ultra Top QQQ Trading Down 3.5%

NASDAQ:QQUP traded down $1.75 during trading hours on Friday, reaching $48.55. 16,167 shares of the stock were exchanged, compared to its average volume of 13,450. The firm has a 50 day simple moving average of $54.69 and a 200-day simple moving average of $56.11. ProShares Ultra Top QQQ has a 52 week low of $38.80 and a 52 week high of $65.32.

ProShares Ultra Top QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 24th were paid a dividend of $0.0943 per share. The ex-dividend date was Wednesday, December 24th. This is a positive change from ProShares Ultra Top QQQ’s previous quarterly dividend of $0.07. This represents a $0.38 annualized dividend and a yield of 0.8%.

About ProShares Ultra Top QQQ

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.