Short Interest in ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) Drops By 50.3%

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQAGet Free Report) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 3,891 shares, a decrease of 50.3% from the January 29th total of 7,827 shares. Based on an average daily volume of 4,074 shares, the short-interest ratio is presently 1.0 days. Currently, 1.9% of the company’s stock are short sold. Currently, 1.9% of the company’s stock are short sold. Based on an average daily volume of 4,074 shares, the short-interest ratio is presently 1.0 days.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Stock Performance

Shares of ProShares Nasdaq-100 Dorsey Wright Momentum ETF stock traded down $0.25 during midday trading on Friday, reaching $53.50. 889 shares of the company’s stock traded hands, compared to its average volume of 4,774. ProShares Nasdaq-100 Dorsey Wright Momentum ETF has a 52 week low of $34.55 and a 52 week high of $56.71. The company has a market cap of $10.70 million, a price-to-earnings ratio of 32.92 and a beta of 1.16. The company’s 50 day simple moving average is $52.78 and its 200 day simple moving average is $49.24.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 24th were given a $0.003 dividend. The ex-dividend date was Wednesday, December 24th. This represents a $0.01 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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