ProShares Ultra Top QQQ (NASDAQ:QQUP) Short Interest Up 737.8% in January

ProShares Ultra Top QQQ (NASDAQ:QQUPGet Free Report) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 4,826 shares, an increase of 737.8% from the January 15th total of 576 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average trading volume of 11,792 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 11,792 shares, the short-interest ratio is presently 0.4 days. Currently, 0.7% of the company’s stock are short sold.

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 shares of ProShares Ultra Top QQQ (NASDAQ:QQUPFree Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 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 Stock Down 1.3%

Shares of NASDAQ QQUP traded down $0.70 during mid-day trading on Tuesday, hitting $52.86. The company had a trading volume of 4,971 shares, compared to its average volume of 14,584. The business’s 50-day simple moving average is $56.95 and its 200 day simple moving average is $56.06. ProShares Ultra Top QQQ has a 1-year low of $38.80 and a 1-year high of $65.32.

ProShares Ultra Top QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 24th were paid a $0.0943 dividend. This is an increase from ProShares Ultra Top QQQ’s previous quarterly dividend of $0.07. This represents a $0.38 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, December 24th.

ProShares Ultra Top QQQ Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for ProShares Ultra Top QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra Top QQQ and related companies with MarketBeat.com's FREE daily email newsletter.