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

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 900 shares, a growth of 80.0% from the November 30th total of 500 shares. Based on an average daily trading volume, of 2,300 shares, the short-interest ratio is currently 0.4 days.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Stock Down 1.3 %

Shares of QQQA traded down $0.62 during trading hours on Friday, reaching $46.75. The stock had a trading volume of 3,111 shares, compared to its average volume of 2,762. The company has a market cap of $12.16 million, a P/E ratio of 33.90 and a beta of 1.04. ProShares Nasdaq-100 Dorsey Wright Momentum ETF has a 52 week low of $36.03 and a 52 week high of $48.89. The firm has a 50-day moving average of $46.16 and a 200 day moving average of $44.32.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Company Profile

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.