ProShares Ultra Top QQQ (NASDAQ:QQUP) Short Interest Up 1,858.5% in August

ProShares Ultra Top QQQ (NASDAQ:QQUP) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 10,243 shares, a growth of 1,858.5% from the August 15th total of 523 shares. Based on an average daily volume of 2,431 shares, the short-interest ratio is presently 4.2 days. Currently, 2.2% of the shares of the stock are sold short.

Institutional Trading of ProShares Ultra Top QQQ

An institutional investor recently bought a new position in ProShares Ultra Top QQQ stock. BNP Paribas Financial Markets purchased a new stake in ProShares Ultra Top QQQ (NASDAQ:QQUP) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. 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 reporting period.

ProShares Ultra Top QQQ Stock Performance

Shares of QQUP opened at $63.59 on Friday. The company has a 50-day moving average price of $61.01 and a two-hundred day moving average price of $57.66. ProShares Ultra Top QQQ has a 12 month low of $40.09 and a 12 month 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.