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

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQAGet Free Report) was the recipient of a significant 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. Based on an average trading volume of 34,111 shares, the short-interest ratio is currently 0.5 days. Approximately 6.4% of the shares of the stock are sold short.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Stock Up 4.4%

QQQA stock traded up $3.58 on Monday, reaching $85.38. 81,109 shares of the company’s stock were exchanged, compared to its average volume of 15,968. The stock has a fifty day moving average of $68.35 and a 200-day moving average of $57.64. ProShares Nasdaq-100 Dorsey Wright Momentum ETF has a twelve month low of $43.41 and a twelve month high of $85.38. The firm has a market cap of $22.20 million, a PE ratio of 32.92 and a beta of 1.35.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Cuts Dividend

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

Institutional Trading of ProShares Nasdaq-100 Dorsey Wright Momentum ETF

An institutional investor recently bought a new position in ProShares Nasdaq-100 Dorsey Wright Momentum ETF stock. KERR FINANCIAL PLANNING Corp bought a new stake in ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQAFree Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,700 shares of the company’s stock, valued at approximately $86,000. KERR FINANCIAL PLANNING Corp owned about 0.68% of ProShares Nasdaq-100 Dorsey Wright Momentum ETF as of its most recent filing with the Securities & Exchange Commission.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Company Profile

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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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