ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA – Get 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
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.
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