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

ProShares Ultra Top QQQ (NASDAQ:QQUP) was the target of a large 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. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 7,594 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 7,594 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.6% of the shares of the stock are sold short.

ProShares Ultra Top QQQ Stock Up 2.8%

Shares of NASDAQ QQUP traded up $1.31 during midday trading on Monday, hitting $48.39. 6,198 shares of the company’s stock were exchanged, compared to its average volume of 12,229. The business’s fifty day moving average price is $52.81 and its two-hundred day moving average price is $56.04. ProShares Ultra Top QQQ has a 12-month low of $38.80 and a 12-month high of $65.32.

ProShares Ultra Top QQQ Increases Dividend

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

Institutional Investors 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 acquired a new stake in shares of ProShares Ultra Top QQQ (NASDAQ:QQUP) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 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 at the end of the most recent quarter.

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.