ProShares Ultra Top QQQ (NASDAQ:QQUP – Get Free Report) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 10,243 shares, an increase of 1,858.5% from the August 15th total of 523 shares. Based on an average daily trading volume, of 2,431 shares, the days-to-cover ratio is presently 4.2 days. Approximately 2.2% of the company’s shares are short sold.
ProShares Ultra Top QQQ Stock Up 0.2%
QQUP traded up $0.13 during mid-day trading on Thursday, reaching $61.97. The stock had a trading volume of 514 shares, compared to its average volume of 8,510. The firm’s fifty day simple moving average is $61.01 and its two-hundred day simple moving average is $57.66. ProShares Ultra Top QQQ has a 52 week low of $40.09 and a 52 week 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 bought a new stake in shares of ProShares Ultra Top QQQ (NASDAQ:QQUP – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 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 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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