Short Interest in ProShares Ultra Top QQQ (NASDAQ:QQUP) Rises By 1,858.5%

ProShares Ultra Top QQQ (NASDAQ:QQUP) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 10,243 shares, an increase of 1,858.5% from the August 15th total of 523 shares. Currently, 2.2% of the company’s shares are sold short. Based on an average daily trading volume, of 2,431 shares, the short-interest ratio is presently 4.2 days.

ProShares Ultra Top QQQ Trading Up 0.2%

NASDAQ QQUP traded up $0.13 during trading hours on Thursday, hitting $61.97. The company’s stock had a trading volume of 514 shares, compared to its average volume of 8,510. ProShares Ultra Top QQQ has a twelve month low of $40.09 and a twelve month high of $70.28. The stock has a fifty day moving average of $61.01 and a 200 day moving average of $57.66.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in ProShares Ultra Top QQQ stock. BNP Paribas Financial Markets purchased a new stake in ProShares Ultra Top QQQ (NASDAQ:QQUP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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 SEC filing.

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.