Short Interest in ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) Drops By 46.9%

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 76 shares, a drop of 46.9% from the March 15th total of 143 shares. Based on an average daily trading volume, of 3,829 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Stock Up 1.5%

Shares of QQQA traded up $0.83 during midday trading on Monday, hitting $58.03. The company’s stock had a trading volume of 4,924 shares, compared to its average volume of 4,574. ProShares Nasdaq-100 Dorsey Wright Momentum ETF has a one year low of $38.62 and a one year high of $58.05. The company’s fifty day simple moving average is $52.92 and its two-hundred day simple moving average is $50.84. The stock has a market capitalization of $12.19 million, a price-to-earnings ratio of 32.92 and a beta of 1.16.

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 dividend of $0.0002 per share. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $0.00 annualized dividend and a dividend yield of 0.0%.

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.