Short Interest in ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) Decreases By 51.8%

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQAGet Free Report) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 9,265 shares, a decrease of 51.8% from the April 30th total of 19,213 shares. Based on an average daily volume of 34,952 shares, the short-interest ratio is presently 0.3 days. Approximately 3.6% of the shares of the stock are sold short.

Institutional Trading of 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:QQQAFree Report) in the first quarter, according to the company in its most recent filing with the SEC. 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.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Trading Up 1.8%

Shares of QQQA stock traded up $1.37 during mid-day trading on Monday, reaching $78.37. The stock had a trading volume of 36,843 shares, compared to its average volume of 12,049. ProShares Nasdaq-100 Dorsey Wright Momentum ETF has a 12-month low of $43.37 and a 12-month high of $78.45. The company has a market cap of $20.38 million, a P/E ratio of 32.92 and a beta of 1.32. The business has a 50-day simple moving average of $62.92 and a 200 day simple moving average of $55.41.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Cuts Dividend

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

About ProShares Nasdaq-100 Dorsey Wright Momentum ETF

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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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