ProShares Ultra Top QQQ (NASDAQ:QQUP – Get Free Report) saw 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. Based on an average trading volume of 7,259 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are short sold.
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 purchased a new position in shares of ProShares Ultra Top QQQ (NASDAQ:QQUP – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 as of its most recent SEC filing.
ProShares Ultra Top QQQ Trading Up 0.1%
Shares of QQUP stock opened at $60.23 on Monday. ProShares Ultra Top QQQ has a 1-year low of $40.09 and a 1-year high of $70.28. The firm’s 50-day simple moving average is $61.88 and its 200-day simple moving average is $55.73.
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.
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