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

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) was the recipient of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 2,600 shares, an increase of 766.7% from the January 31st total of 300 shares. Based on an average daily volume of 3,200 shares, the days-to-cover ratio is currently 0.8 days.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Stock Up 1.5 %

Shares of QQQA stock traded up $0.69 on Friday, reaching $46.63. The company’s stock had a trading volume of 3,153 shares, compared to its average volume of 2,859. The company has a market capitalization of $11.19 million, a P/E ratio of 43.31 and a beta of 1.04. ProShares Nasdaq-100 Dorsey Wright Momentum ETF has a 12-month low of $36.03 and a 12-month high of $52.91. The stock’s 50 day simple moving average is $48.64 and its 200-day simple moving average is $45.74.

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.