ProShares Ultra Top QQQ (NASDAQ:QQUP) Sees Significant Increase in Short Interest

ProShares Ultra Top QQQ (NASDAQ:QQUP) saw a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 4,112 shares, an increase of 22.0% from the February 12th total of 3,371 shares. Based on an average daily volume of 7,594 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.6% of the company’s stock are sold short. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 7,594 shares, the days-to-cover ratio is currently 0.5 days.

ProShares Ultra Top QQQ Stock Up 2.8%

Shares of NASDAQ QQUP traded up $1.31 during midday trading on Monday, hitting $48.39. The company had a trading volume of 6,198 shares, compared to its average volume of 12,229. ProShares Ultra Top QQQ has a twelve month low of $38.80 and a twelve month high of $65.32. The business has a 50-day simple moving average of $52.81 and a two-hundred day simple moving average of $56.04.

ProShares Ultra Top QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 24th were paid a $0.0943 dividend. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from ProShares Ultra Top QQQ’s previous quarterly dividend of $0.07.

Institutional Investors Weigh In On ProShares Ultra Top QQQ

A hedge fund recently bought a new stake in ProShares Ultra Top QQQ stock. BNP Paribas Financial Markets acquired a new stake in shares of ProShares Ultra Top QQQ (NASDAQ:QQUP) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 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.