ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) Short Interest Update

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 300 shares, a decline of 66.7% from the January 15th total of 900 shares. Based on an average trading volume of 2,600 shares, the days-to-cover ratio is presently 0.1 days.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Trading Up 0.8 %

Shares of QQQA traded up $0.41 on Wednesday, reaching $51.72. 7,046 shares of the company’s stock traded hands, compared to its average volume of 4,002. The stock’s 50 day simple moving average is $48.03 and its two-hundred day simple moving average is $44.87. ProShares Nasdaq-100 Dorsey Wright Momentum ETF has a 52-week low of $36.03 and a 52-week high of $52.10. The stock has a market cap of $12.41 million, a PE ratio of 33.90 and a beta of 1.04.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Company Profile

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.