Short Interest in ProShares Ultra Top QQQ (NASDAQ:QQUP) Drops By 30.2%

ProShares Ultra Top QQQ (NASDAQ:QQUP) was the target of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 2,872 shares, a decline of 30.2% from the February 26th total of 4,112 shares. Based on an average daily volume of 7,855 shares, the short-interest ratio is currently 0.4 days. Currently, 0.4% of the shares of the company are short sold.

Hedge Funds 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 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

ProShares Ultra Top QQQ Stock Down 4.8%

Shares of NASDAQ QQUP traded down $2.07 during trading hours on Friday, reaching $41.14. The stock had a trading volume of 7,553 shares, compared to its average volume of 11,820. The firm has a 50-day moving average of $50.50 and a 200-day moving average of $55.59. ProShares Ultra Top QQQ has a fifty-two week low of $38.80 and a fifty-two week high of $65.32.

ProShares Ultra Top QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be issued a $0.1124 dividend. The ex-dividend date of this dividend is Wednesday, March 25th. This is an increase from ProShares Ultra Top QQQ’s previous quarterly dividend of $0.09. This represents a $0.45 annualized dividend and a dividend yield of 1.1%.

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.