ProShares Ultra Top QQQ (NASDAQ:QQUP – Get Free Report) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 718 shares, a growth of 68.5% from the July 15th total of 426 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 2,615 shares, the days-to-cover ratio is currently 0.3 days.
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 2nd quarter, according to the company in its most recent filing with the Securities & 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 Stock Down 1.4%
QQUP opened at $61.50 on Wednesday. The business has a 50 day simple moving average of $59.05 and a two-hundred day simple moving average of $56.40. ProShares Ultra Top QQQ has a one year low of $40.09 and a one 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.
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