Short Interest in ProShares Ultra Top QQQ (NASDAQ:QQUP) Decreases By 52.6%

ProShares Ultra Top QQQ (NASDAQ:QQUP) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 3,444 shares, a drop of 52.6% from the April 15th total of 7,271 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 7,397 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors 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 acquired a new position in shares of ProShares Ultra Top QQQ (NASDAQ:QQUP) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm 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 SEC filing.

ProShares Ultra Top QQQ Stock Performance

Shares of QQUP traded down $2.11 during trading hours on Friday, hitting $68.08. 3,433 shares of the company were exchanged, compared to its average volume of 10,619. The firm has a fifty day simple moving average of $53.08 and a 200-day simple moving average of $55.49. ProShares Ultra Top QQQ has a one year low of $38.80 and a one year high of $70.28.

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.