ProShares Ultra Top QQQ (NASDAQ:QQUP – Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 718 shares, an increase of 68.5% from the July 15th total of 426 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 2,615 shares, the short-interest ratio is presently 0.3 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 bought a new stake in ProShares Ultra Top QQQ (NASDAQ:QQUP – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 100,000 shares of the company’s stock, valued at approximately $4,389,000. BNP Paribas Financial Markets owned about 31.25% of ProShares Ultra Top QQQ at the end of the most recent reporting period.
ProShares Ultra Top QQQ Price Performance
Shares of NASDAQ:QQUP traded down $0.88 during trading on Monday, reaching $62.35. 1,127 shares of the company’s stock traded hands, compared to its average volume of 9,209. ProShares Ultra Top QQQ has a fifty-two week low of $40.09 and a fifty-two week high of $70.28. The company has a 50-day simple moving average of $58.98 and a 200-day simple moving average of $56.34.
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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