ProShares Ultra Top QQQ (NASDAQ:QQUP) Short Interest Update

ProShares Ultra Top QQQ (NASDAQ:QQUP) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 718 shares, an increase of 68.5% from the July 15th total of 426 shares. Based on an average trading volume of 2,615 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are short sold.

Hedge Funds Weigh In On ProShares Ultra Top QQQ

A hedge fund recently bought a new position 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 the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

ProShares Ultra Top QQQ Price Performance

Shares of QQUP stock traded down $0.88 on Monday, hitting $62.35. The stock had a trading volume of 1,127 shares, compared to its average volume of 9,209. The company’s 50 day moving average price is $58.98 and its 200-day moving average price is $56.34. ProShares Ultra Top QQQ has a 1 year low of $40.09 and a 1 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.