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

ProShares Ultra Top QQQ (NASDAQ:QQUP) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 426 shares, a drop of 61.5% from the June 30th total of 1,107 shares. Based on an average daily volume of 2,077 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

ProShares Ultra Top QQQ Stock Down 0.1%

Shares of QQUP opened at $54.88 on Monday. ProShares Ultra Top QQQ has a 1-year low of $40.09 and a 1-year high of $70.28. The firm’s 50-day moving average price is $60.50 and its 200-day moving average price is $55.77.

Institutional Trading of 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 2nd quarter, according to its most recent disclosure with the SEC. The fund 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 filing with the SEC.

About ProShares Ultra Top QQQ

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.