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

by · The Markets Daily

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA – Get Free Report) was the target of a significant growth in short interest during 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 daily volume of 34,111 shares, the days-to-cover ratio is presently 0.5 days. Currently, 6.4% of the shares of the company are short sold.

Institutional Investors Weigh In On ProShares Nasdaq-100 Dorsey Wright Momentum ETF

A hedge fund recently bought a new stake 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 – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,700 shares of the company’s stock, valued at approximately $86,000. KERR FINANCIAL PLANNING Corp owned 0.68% of ProShares Nasdaq-100 Dorsey Wright Momentum ETF at the end of the most recent reporting period.

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

Shares of ProShares Nasdaq-100 Dorsey Wright Momentum ETF stock traded up $3.58 during trading hours on Monday, hitting $85.38. 81,109 shares of the company were exchanged, compared to its average volume of 15,968. ProShares Nasdaq-100 Dorsey Wright Momentum ETF has a 1 year low of $43.41 and a 1 year high of $85.38. The business has a 50-day moving average of $68.35 and a 200-day moving average of $57.64. The stock has a market capitalization of $22.20 million, a price-to-earnings ratio of 32.92 and a beta of 1.35.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were paid a dividend of $0.0002 per share. This represents a $0.00 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Wednesday, March 25th.

About ProShares Nasdaq-100 Dorsey Wright Momentum ETF

(Get Free Report)

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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