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. Based on an average daily volume of 2,077 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.
ProShares Ultra Top QQQ Trading Down 0.1%
Shares of NASDAQ:QQUP opened at $54.88 on Monday. ProShares Ultra Top QQQ has a 52-week low of $40.09 and a 52-week high of $70.28. The firm has a fifty day moving average of $60.50 and a 200 day moving average of $55.77.
Institutional Investors Weigh In On ProShares Ultra Top QQQ
An institutional investor recently bought a new stake in ProShares Ultra Top QQQ stock. BNP Paribas Financial Markets purchased a new position in ProShares Ultra Top QQQ (NASDAQ:QQUP – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 100,000 shares of the company’s stock, valued at approximately $4,389,000. BNP Paribas Financial Markets owned 31.25% of ProShares Ultra Top QQQ at the end of the most recent reporting period.
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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