ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA – Get Free Report) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 7,827 shares, an increase of 119.1% from the January 15th total of 3,573 shares. Currently, 3.9% of the shares of the stock are sold short. Based on an average trading volume of 6,554 shares, the short-interest ratio is presently 1.2 days. Based on an average trading volume of 6,554 shares, the short-interest ratio is presently 1.2 days. Currently, 3.9% of the shares of the stock are sold short.
ProShares Nasdaq-100 Dorsey Wright Momentum ETF Trading Down 1.7%
Shares of NASDAQ QQQA traded down $0.90 during midday trading on Thursday, reaching $52.94. The company’s stock had a trading volume of 2,540 shares, compared to its average volume of 5,208. ProShares Nasdaq-100 Dorsey Wright Momentum ETF has a one year low of $34.55 and a one year high of $56.71. The company has a market cap of $10.59 million, a price-to-earnings ratio of 32.92 and a beta of 1.16. The company has a 50 day moving average price of $51.84 and a 200 day moving average price of $48.55.
ProShares Nasdaq-100 Dorsey Wright Momentum ETF Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 24th were issued a $0.003 dividend. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $0.01 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.
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