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

ProShares Ultra Top QQQ (NASDAQ:QQUP) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 1,107 shares, a growth of 228.5% from the June 15th total of 337 shares. Based on an average daily volume of 7,259 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are sold short.

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 position in shares of ProShares Ultra Top QQQ (NASDAQ:QQUP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 filing with the Securities and Exchange Commission (SEC).

ProShares Ultra Top QQQ Trading Up 0.1%

QQUP stock opened at $60.23 on Monday. The company’s 50 day simple moving average is $61.88 and its 200-day simple moving average is $55.73. ProShares Ultra Top QQQ has a 12 month low of $40.09 and a 12 month high of $70.28.

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.