ProShares Ultra Top QQQ (NASDAQ:QQUP) Short Interest Down 52.6% in April

ProShares Ultra Top QQQ (NASDAQ:QQUP) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totaling 3,444 shares, a decline 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 daily trading volume, of 7,397 shares, the short-interest ratio is presently 0.5 days.

ProShares Ultra Top QQQ Price Performance

NASDAQ:QQUP traded down $2.11 on Friday, reaching $68.08. The stock had a trading volume of 3,433 shares, compared to its average volume of 10,619. ProShares Ultra Top QQQ has a 1-year low of $38.80 and a 1-year high of $70.28. The stock has a fifty day moving average price of $52.70 and a 200-day moving average price of $55.41.

Institutional Inflows and Outflows

A hedge fund 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) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 100,000 shares of the company’s stock, valued at approximately $4,389,000. BNP Paribas Financial Markets owned about 31.25% of ProShares Ultra Top QQQ as of its most recent SEC filing.

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.