ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) Short Interest Up 119.1% in January

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) saw a large increase in short interest in 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. Approximately 3.9% of the shares of the company are short sold. Based on an average trading volume of 6,554 shares, the days-to-cover ratio is currently 1.2 days. Based on an average trading volume of 6,554 shares, the days-to-cover ratio is currently 1.2 days. Approximately 3.9% of the shares of the company are short sold.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Price Performance

Shares of QQQA stock traded down $0.90 on Thursday, hitting $52.94. 2,540 shares of the stock traded hands, compared to its average volume of 5,208. The company’s fifty day moving average is $51.84 and its 200 day moving average is $48.55. ProShares Nasdaq-100 Dorsey Wright Momentum ETF has a 1-year low of $34.55 and a 1-year high of $56.71. The company has a market capitalization of $10.59 million, a PE ratio of 32.92 and a beta of 1.16.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders 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.