ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) Short Interest Update

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQAGet Free Report) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 16,727 shares, a growth of 80.5% from the May 14th total of 9,265 shares. Approximately 6.4% of the shares of the company are sold short. Based on an average daily volume of 34,111 shares, the days-to-cover ratio is currently 0.5 days.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Price Performance

Shares of NASDAQ QQQA opened at $82.93 on Wednesday. The stock has a market capitalization of $21.56 million, a price-to-earnings ratio of 32.92 and a beta of 1.35. ProShares Nasdaq-100 Dorsey Wright Momentum ETF has a 12 month low of $43.41 and a 12 month high of $86.81. The firm’s 50 day simple moving average is $69.64 and its 200-day simple moving average is $58.16.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Cuts Dividend

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

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:QQQAFree Report) during the 1st quarter, according to its most recent disclosure 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 approximately 0.68% of ProShares Nasdaq-100 Dorsey Wright Momentum ETF as of its most recent SEC filing.

About ProShares Nasdaq-100 Dorsey Wright Momentum ETF

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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.

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