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

ProShares Ultra Top QQQ (NASDAQ:QQUP) was the target of a large drop in short interest in December. As of December 15th, there was short interest totaling 24,055 shares, a drop of 41.5% from the November 30th total of 41,085 shares. Based on an average daily trading volume, of 43,887 shares, the short-interest ratio is currently 0.5 days. Currently, 4.2% of the shares of the stock are short sold. Currently, 4.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 43,887 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds 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 bought a new position in shares of ProShares Ultra Top QQQ (NASDAQ:QQUP) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 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.

ProShares Ultra Top QQQ Stock Down 0.1%

Shares of NASDAQ QQUP traded down $0.03 during mid-day trading on Friday, hitting $59.21. 25,971 shares of the company’s stock traded hands, compared to its average volume of 31,389. ProShares Ultra Top QQQ has a 1 year low of $38.80 and a 1 year high of $65.32. The company’s 50-day moving average is $59.66 and its two-hundred day moving average is $53.37.

ProShares Ultra Top QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 24th will be paid a $0.0943 dividend. This represents a $0.38 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, December 24th. This is a positive change from ProShares Ultra Top QQQ’s previous quarterly dividend of $0.07.

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.