Short Interest in ProShares Ultra Top QQQ (NASDAQ:QQUP) Expands By 22.0%

ProShares Ultra Top QQQ (NASDAQ:QQUPGet Free Report) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 4,112 shares, a growth of 22.0% from the February 12th total of 3,371 shares. Based on an average trading volume of 7,594 shares, the short-interest ratio is currently 0.5 days. Currently, 0.6% of the shares of the company are sold short. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 7,594 shares, the short-interest ratio is currently 0.5 days.

ProShares Ultra Top QQQ Stock Up 1.1%

NASDAQ:QQUP opened at $48.80 on Wednesday. ProShares Ultra Top QQQ has a 52 week low of $38.80 and a 52 week high of $65.32. The stock has a 50 day moving average of $52.47 and a 200-day moving average of $56.01.

ProShares Ultra Top QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 24th were issued a $0.0943 dividend. This is a positive change from ProShares Ultra Top QQQ’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $0.38 dividend on an annualized basis and a yield of 0.8%.

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 purchased a new position in ProShares Ultra Top QQQ (NASDAQ:QQUPFree Report) in the second quarter, according to its most recent disclosure with the SEC. 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 at the end of the most recent quarter.

About ProShares Ultra Top QQQ

(Get Free Report)

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.

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