ProShares Ultra Top QQQ (NASDAQ:QQUP) Sees Significant Growth in Short Interest

ProShares Ultra Top QQQ (NASDAQ:QQUP) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 4,826 shares, an increase of 737.8% from the January 15th total of 576 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average trading volume of 11,792 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 11,792 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.7% of the company’s stock are short sold.

Hedge Funds Weigh In On ProShares Ultra Top QQQ

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) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 100,000 shares of the company’s stock, valued at approximately $4,389,000. BNP Paribas Financial Markets owned 31.25% of ProShares Ultra Top QQQ at the end of the most recent reporting period.

ProShares Ultra Top QQQ Price Performance

QQUP stock traded down $0.70 during trading on Tuesday, hitting $52.86. 4,971 shares of the company’s stock were exchanged, compared to its average volume of 14,584. The business has a 50-day moving average price of $56.95 and a two-hundred day moving average price of $56.06. 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 business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 24th were given a $0.0943 dividend. This is a positive change from ProShares Ultra Top QQQ’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 0.7%.

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.