ProShares Ultra Top QQQ (NASDAQ:QQUP – Get Free Report) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 426 shares, a decline of 61.5% from the June 30th total of 1,107 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 2,077 shares, the short-interest ratio is currently 0.2 days.
Institutional Trading of 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 stake in ProShares Ultra Top QQQ (NASDAQ:QQUP – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.
ProShares Ultra Top QQQ Stock Performance
QQUP opened at $55.05 on Wednesday. ProShares Ultra Top QQQ has a fifty-two week low of $40.09 and a fifty-two week high of $70.28. The company’s 50-day moving average is $60.05 and its 200 day moving average is $55.74.
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.
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