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

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) was the target of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 200 shares, a drop of 96.2% from the October 15th total of 5,300 shares. Based on an average trading volume of 3,000 shares, the days-to-cover ratio is currently 0.1 days.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Price Performance

Shares of NASDAQ QQQA traded down $0.37 during midday trading on Tuesday, hitting $46.44. 2,344 shares of the company’s stock were exchanged, compared to its average volume of 2,917. The firm’s fifty day simple moving average is $43.31 and its 200-day simple moving average is $43.43. ProShares Nasdaq-100 Dorsey Wright Momentum ETF has a twelve month low of $35.31 and a twelve month high of $48.20. The company has a market cap of $12.07 million, a PE ratio of 33.90 and a beta of 1.04.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, September 25th were issued a dividend of $0.0191 per share. The ex-dividend date of this dividend was Wednesday, September 25th.

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.