ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) Trading Down 3.4% – Here’s What Happened

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA)’s share price dropped 3.4% on Thursday . The company traded as low as $70.85 and last traded at $71.27. 205,522 shares were traded during mid-day trading, an increase of 666% from the average session volume of 26,836 shares. The stock had previously closed at $73.81.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Trading Down 3.4%

The company has a market capitalization of $69.13 million, a PE ratio of 32.92 and a beta of 1.34. The stock has a fifty day simple moving average of $77.10 and a 200-day simple moving average of $64.90.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 24th were paid a dividend of $0.0152 per share. The ex-dividend date was Wednesday, June 24th. This represents a $0.06 annualized dividend and a yield of 0.1%.

Hedge Funds Weigh In On 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 acquired a new position in shares of ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

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.