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

ProShares Ultra Top QQQ (NASDAQ:QQUP) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 1,155 shares, a drop of 89.2% from the September 15th total of 10,707 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 3,982 shares, the days-to-cover ratio is presently 0.3 days.

ProShares Ultra Top QQQ Price Performance

Shares of QQUP traded up $0.97 during trading hours on Friday, reaching $67.60. The company’s stock had a trading volume of 4,105 shares, compared to its average volume of 7,913. The company has a 50 day moving average of $63.81 and a two-hundred day moving average of $60.04. ProShares Ultra Top QQQ has a 1-year low of $40.09 and a 1-year high of $70.28.

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.