ProShares Ultra Top QQQ (NASDAQ:QQUP – Get Free Report) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 3,444 shares, a decrease of 52.6% from the April 15th total of 7,271 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 7,397 shares, the days-to-cover ratio is presently 0.5 days.
ProShares Ultra Top QQQ Stock Performance
NASDAQ:QQUP traded down $2.11 on Friday, reaching $68.08. 3,433 shares of the stock traded hands, compared to its average volume of 10,619. The company’s 50 day moving average is $53.08 and its 200-day moving average is $55.49. ProShares Ultra Top QQQ has a 1-year low of $38.80 and a 1-year high of $70.28.
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 purchased a new stake 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 institutional investor purchased 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 quarter.
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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