ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) Sees Large Decline in Short Interest

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 9,265 shares, a decline of 51.8% from the April 30th total of 19,213 shares. Based on an average trading volume of 34,952 shares, the short-interest ratio is currently 0.3 days. Currently, 3.6% of the company’s shares are sold short.

Hedge Funds Weigh In On ProShares Nasdaq-100 Dorsey Wright Momentum ETF

A hedge fund recently bought a new stake in ProShares Nasdaq-100 Dorsey Wright Momentum ETF stock. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,700 shares of the company’s stock, valued at approximately $86,000. KERR FINANCIAL PLANNING Corp owned 0.68% of ProShares Nasdaq-100 Dorsey Wright Momentum ETF as of its most recent SEC filing.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Stock Performance

ProShares Nasdaq-100 Dorsey Wright Momentum ETF stock opened at $78.05 on Wednesday. The company has a 50 day moving average price of $63.42 and a 200-day moving average price of $55.61. ProShares Nasdaq-100 Dorsey Wright Momentum ETF has a fifty-two week low of $43.37 and a fifty-two week high of $80.94. The company has a market capitalization of $20.29 million, a PE ratio of 32.92 and a beta of 1.32.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were paid a dividend of $0.0002 per share. This represents a $0.00 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend was Wednesday, March 25th.

About ProShares Nasdaq-100 Dorsey Wright Momentum ETF

The ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) is an exchange-traded fund that is based on the NASDAQ-100 Dorsey Wright Momentum index. The fund tracks an equal-weighted index of 21 non-financial companies included in the Nasdaq-100 Index identified with the highest price momentum. QQQA was launched on May 18, 2021 and is managed by ProShares.