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

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 7,881 shares, a drop of 61.8% from the August 31st total of 20,649 shares. Based on an average trading volume of 11,658 shares, the short-interest ratio is currently 0.7 days. Approximately 1.1% of the shares of the stock are sold short.

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:QQQA) 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 Trading Down 0.4%

Shares of NASDAQ:QQQA traded down $0.32 during trading on Monday, hitting $71.56. 17,817 shares of the stock were exchanged, compared to its average volume of 24,992. The company has a market cap of $52.24 million, a PE ratio of 32.92 and a beta of 1.34. The company has a fifty day moving average price of $70.53 and a two-hundred day moving average price of $69.16. ProShares Nasdaq-100 Dorsey Wright Momentum ETF has a 12-month low of $44.69 and a 12-month high of $88.24.

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.