ProShares Ultra Top QQQ (NASDAQ:QQUP) Sees Large Drop in Short Interest

ProShares Ultra Top QQQ (NASDAQ:QQUP) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 24,055 shares, a decline of 41.5% from the November 30th total of 41,085 shares. Currently, 4.2% of the shares of the company are short sold. Based on an average daily trading volume, of 43,887 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 43,887 shares, the days-to-cover ratio is presently 0.5 days. Currently, 4.2% of the shares of the company are short sold.

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 bought a new position in shares of ProShares Ultra Top QQQ (NASDAQ:QQUP) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 0.1%

QQUP traded down $0.03 during trading on Friday, hitting $59.21. The company’s stock had a trading volume of 25,971 shares, compared to its average volume of 31,389. The business’s 50 day simple moving average is $59.66 and its 200-day simple moving average is $53.37. ProShares Ultra Top QQQ has a one year low of $38.80 and a one year high of $65.32.

ProShares Ultra Top QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 24th will be given a dividend of $0.0943 per share. This represents a $0.38 annualized dividend and a yield of 0.6%. This is a boost from ProShares Ultra Top QQQ’s previous quarterly dividend of $0.07. The ex-dividend date is Wednesday, December 24th.

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.