ProShares Ultra Top QQQ (NASDAQ:QQUP) Short Interest Down 77.7% in December

ProShares Ultra Top QQQ (NASDAQ:QQUP) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 5,369 shares, a decline of 77.7% from the December 15th total of 24,055 shares. Based on an average daily trading volume, of 26,259 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.8% of the company’s shares are short sold. Currently, 0.8% of the company’s shares are short sold. Based on an average daily trading volume, of 26,259 shares, the days-to-cover ratio is currently 0.2 days.

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 purchased a new position in ProShares Ultra Top QQQ (NASDAQ:QQUP) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 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 reporting period.

ProShares Ultra Top QQQ Stock Up 0.7%

QQUP opened at $58.14 on Tuesday. ProShares Ultra Top QQQ has a one year low of $38.80 and a one year high of $65.32. The business has a 50 day simple moving average of $58.97 and a two-hundred day simple moving average of $54.61.

ProShares Ultra Top QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 24th were given a dividend of $0.0943 per share. This is an increase from ProShares Ultra Top QQQ’s previous quarterly dividend of $0.07. This represents a $0.38 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was 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.