ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) Sees Significant Drop in Short Interest

Posted by Jeff Wilder on Jan 28th, 2025

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA – Get Free Report) saw a significant decrease in short interest in January. As of January 15th, there was short interest totalling 100 shares, a decrease of 88.9% from the December 31st total of 900 shares. Based on an average daily volume of 2,400 shares, the short-interest ratio is presently 0.0 days.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Price Performance

NASDAQ:QQQA traded up $0.70 during trading hours on Tuesday, reaching $48.27. 617 shares of the company traded hands, compared to its average volume of 3,313. The firm’s 50-day moving average is $47.20 and its 200-day moving average is $44.38. The stock has a market cap of $11.58 million, a P/E ratio of 33.90 and a beta of 1.04. ProShares Nasdaq-100 Dorsey Wright Momentum ETF has a 1-year low of $36.03 and a 1-year high of $50.05.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Company Profile

(Get Free Report)

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.