Short Interest in ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) Expands By 280.0%

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 1,900 shares, a growth of 280.0% from the August 15th total of 500 shares. Based on an average daily trading volume, of 2,600 shares, the days-to-cover ratio is presently 0.7 days.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Trading Up 0.7 %

Shares of ProShares Nasdaq-100 Dorsey Wright Momentum ETF stock traded up $0.29 during trading on Thursday, hitting $40.87. 853 shares of the stock traded hands, compared to its average volume of 2,910. ProShares Nasdaq-100 Dorsey Wright Momentum ETF has a 52-week low of $31.96 and a 52-week high of $48.20. The stock’s fifty day simple moving average is $42.05 and its 200 day simple moving average is $43.04. The firm has a market cap of $11.03 million, a P/E ratio of 33.90 and a beta of 1.04.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 26th were given a $0.0014 dividend. The ex-dividend date of this dividend was Wednesday, June 26th. This represents a $0.01 annualized dividend and a dividend yield of 0.01%.

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.