ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) Shares Down 2.8% – Here’s Why

Posted by Paula Ricardo on May 16th, 2026

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA – Get Free Report)’s share price dropped 2.8% during mid-day trading on Friday . The company traded as low as $69.91 and last traded at $70.25. Approximately 15,012 shares changed hands during mid-day trading, an increase of 55% from the average daily volume of 9,658 shares. The stock had previously closed at $72.30.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Price Performance

The stock has a 50-day simple moving average of $58.64 and a 200-day simple moving average of $53.71. The stock has a market cap of $18.27 million, a P/E ratio of 32.92 and a beta of 1.32.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were given a $0.0002 dividend. This represents a $0.00 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date was Wednesday, March 25th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake 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 – Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 SEC filing.

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.