ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) Short Interest Up 50.0% in March

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 900 shares, an increase of 50.0% from the February 28th total of 600 shares. Based on an average trading volume of 3,900 shares, the short-interest ratio is currently 0.2 days. Currently, 0.4% of the shares of the company are short sold.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Price Performance

ProShares Nasdaq-100 Dorsey Wright Momentum ETF stock traded down $1.07 during mid-day trading on Friday, hitting $41.23. 1,293 shares of the company’s stock traded hands, compared to its average volume of 2,885. ProShares Nasdaq-100 Dorsey Wright Momentum ETF has a fifty-two week low of $36.03 and a fifty-two week high of $52.91. The stock has a market cap of $10.72 million, a price-to-earnings ratio of 36.38 and a beta of 1.16. The firm has a 50 day simple moving average of $47.02 and a two-hundred day simple moving average of $45.97.

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.