Short Interest in ProShares Ultra Top QQQ (NASDAQ:QQUP) Declines By 77.7%

ProShares Ultra Top QQQ (NASDAQ:QQUP) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 5,369 shares, a decrease of 77.7% from the December 15th total of 24,055 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily volume of 26,259 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 26,259 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.8% of the shares of the company are short sold.

ProShares Ultra Top QQQ Trading Up 0.7%

NASDAQ QQUP opened at $58.14 on Tuesday. ProShares Ultra Top QQQ has a one year low of $38.80 and a one year high of $65.32. The stock has a 50-day moving average of $58.97 and a 200 day moving average of $54.61.

ProShares Ultra Top QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 24th were paid a $0.0943 dividend. This is a boost from ProShares Ultra Top QQQ’s previous quarterly dividend of $0.07. This represents a $0.38 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Wednesday, December 24th.

Institutional Investors Weigh In On ProShares Ultra Top QQQ

An institutional investor recently bought a new position in ProShares Ultra Top QQQ stock. BNP Paribas Financial Markets bought a new position in ProShares Ultra Top QQQ (NASDAQ:QQUP) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund 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.

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.