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

ProShares Ultra Top QQQ (NASDAQ:QQUP) saw a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 3,371 shares, a decline of 30.1% from the January 29th total of 4,826 shares. Based on an average daily trading volume, of 15,759 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.5% of the company’s shares are sold short. Currently, 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 15,759 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds 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 ProShares Ultra Top QQQ (NASDAQ:QQUP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

ProShares Ultra Top QQQ Stock Performance

Shares of QQUP stock traded down $1.75 during mid-day trading on Friday, reaching $48.55. The company’s stock had a trading volume of 16,167 shares, compared to its average volume of 13,450. The company’s 50 day simple moving average is $54.69 and its 200-day simple moving average is $56.11. ProShares Ultra Top QQQ has a 12-month low of $38.80 and a 12-month high of $65.32.

ProShares Ultra Top QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 24th were paid a dividend of $0.0943 per share. 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 0.8%. The ex-dividend date was Wednesday, December 24th.

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.