ProShares Ultra Top QQQ (NASDAQ:QQUP – Get Free Report)’s share price dropped 7.2% during trading on Friday . The stock traded as low as $61.01 and last traded at $61.01. Approximately 9,850 shares traded hands during trading, a decline of 15% from the average daily volume of 11,544 shares. The stock had previously closed at $65.75.
ProShares Ultra Top QQQ Trading Down 7.2%
The company’s 50-day simple moving average is $58.78 and its 200 day simple moving average is $56.03.
Institutional Investors Weigh In On 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 – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 filing with the Securities & Exchange Commission.
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.
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