ProShares Ultra Top QQQ (NASDAQ:QQUP) Short Interest Up 737.8% in January

ProShares Ultra Top QQQ (NASDAQ:QQUP) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 4,826 shares, a growth of 737.8% from the January 15th total of 576 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 11,792 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 11,792 shares, the short-interest ratio is presently 0.4 days. Currently, 0.7% of the shares of the company are short sold.

ProShares Ultra Top QQQ Trading Down 0.2%

ProShares Ultra Top QQQ stock opened at $53.45 on Wednesday. ProShares Ultra Top QQQ has a 12-month low of $38.80 and a 12-month high of $65.32. The business’s 50-day moving average price is $56.95 and its two-hundred day moving average price is $56.06.

ProShares Ultra Top QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 24th were paid a dividend of $0.0943 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, December 24th. This is an increase from ProShares Ultra Top QQQ’s previous quarterly dividend of $0.07.

Hedge Funds 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 bought a new stake in ProShares Ultra Top QQQ (NASDAQ:QQUP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

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.