ProShares Ultra Top QQQ (NASDAQ:QQUP) Short Interest Down 30.2% in March

ProShares Ultra Top QQQ (NASDAQ:QQUP) was the recipient of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 2,872 shares, a decrease of 30.2% from the February 26th total of 4,112 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 7,855 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of ProShares Ultra Top QQQ

An institutional investor recently bought a new position in ProShares Ultra Top QQQ stock. BNP Paribas Financial Markets acquired a new position in shares of ProShares Ultra Top QQQ (NASDAQ:QQUP) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 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

NASDAQ:QQUP traded down $2.07 during mid-day trading on Friday, reaching $41.14. The stock had a trading volume of 7,553 shares, compared to its average volume of 11,820. ProShares Ultra Top QQQ has a twelve month low of $38.80 and a twelve month high of $65.32. The business has a 50 day simple moving average of $50.50 and a 200 day simple moving average of $55.59.

ProShares Ultra Top QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be paid a dividend of $0.1124 per share. This is a positive change from ProShares Ultra Top QQQ’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.1%.

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.