ProShares Ultra Top QQQ (NASDAQ:QQUP) Sees Large Decrease in Short Interest

ProShares Ultra Top QQQ (NASDAQ:QQUPGet Free Report) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 576 shares, a drop of 89.3% from the December 31st total of 5,369 shares. Based on an average trading volume of 16,327 shares, the short-interest ratio is presently 0.0 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 16,327 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of ProShares Ultra Top QQQ

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:QQUPFree Report) during the 2nd quarter, according to the company in its most recent Form 13F filing 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 approximately 31.25% of ProShares Ultra Top QQQ as of its most recent SEC filing.

ProShares Ultra Top QQQ Stock Performance

ProShares Ultra Top QQQ stock traded down $2.10 during mid-day trading on Thursday, hitting $55.76. The company’s stock had a trading volume of 22,933 shares, compared to its average volume of 14,623. ProShares Ultra Top QQQ has a one year low of $38.80 and a one year high of $65.32. The company has a 50 day moving average of $58.06 and a 200-day moving average of $55.55.

ProShares Ultra Top QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders 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 annualized dividend and a yield of 0.7%.

ProShares Ultra Top QQQ Company Profile

(Get Free Report)

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.

Further Reading

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