ProShares Ultra Top QQQ (NASDAQ:QQUP) Short Interest Up 228.5% in June

ProShares Ultra Top QQQ (NASDAQ:QQUP) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,107 shares, an increase of 228.5% from the June 15th total of 337 shares. Based on an average daily volume of 7,259 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are short sold.

ProShares Ultra Top QQQ Trading Up 1.9%

QQUP opened at $60.00 on Wednesday. ProShares Ultra Top QQQ has a twelve month low of $40.09 and a twelve month high of $70.28. The company has a fifty day moving average of $61.82 and a 200-day moving average of $55.73.

Institutional Trading of ProShares Ultra Top QQQ

An institutional investor recently bought a new position in ProShares Ultra Top QQQ stock. BNP Paribas Financial Markets acquired a new position in ProShares Ultra Top QQQ (NASDAQ:QQUP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 100,000 shares of the company’s stock, valued at approximately $4,389,000. BNP Paribas Financial Markets owned approximately 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.