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

ProShares Ultra Top QQQ (NASDAQ:QQUP) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 718 shares, a growth of 68.5% from the July 15th total of 426 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 2,615 shares, the short-interest ratio is currently 0.3 days.

ProShares Ultra Top QQQ Stock Performance

NASDAQ QQUP traded down $0.60 on Tuesday, hitting $61.76. The stock had a trading volume of 203 shares, compared to its average volume of 9,152. ProShares Ultra Top QQQ has a 52-week low of $40.09 and a 52-week high of $70.28. The firm has a 50-day moving average of $59.01 and a 200-day moving average of $56.37.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares Ultra Top QQQ stock. BNP Paribas Financial Markets acquired a new position in ProShares Ultra Top QQQ (NASDAQ:QQUP) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 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 as of its most recent filing with the Securities & Exchange Commission.

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.