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

ProShares Ultra Top QQQ (NASDAQ:QQUP) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,107 shares, an increase of 228.5% from the June 15th total of 337 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 7,259 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On ProShares Ultra Top QQQ

An institutional investor recently bought a new stake in ProShares Ultra Top QQQ stock. BNP Paribas Financial Markets bought a new position in shares of ProShares Ultra Top QQQ (NASDAQ:QQUP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $4,389,000. BNP Paribas Financial Markets owned approximately 31.25% of ProShares Ultra Top QQQ at the end of the most recent quarter.

ProShares Ultra Top QQQ Trading Up 1.9%

Shares of QQUP traded up $1.14 during mid-day trading on Tuesday, reaching $60.02. The stock had a trading volume of 3,090 shares, compared to its average volume of 10,411. ProShares Ultra Top QQQ has a 52-week low of $40.09 and a 52-week high of $70.28. The business’s fifty day moving average is $61.86 and its 200 day moving average is $55.72.

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.