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

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) was the target of a large decline in short interest in February. As of February 13th, there was short interest totaling 3,891 shares, a decline of 50.3% from the January 29th total of 7,827 shares. Based on an average daily volume of 4,074 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.9% of the shares of the stock are short sold. Currently, 1.9% of the shares of the stock are short sold. Based on an average daily volume of 4,074 shares, the days-to-cover ratio is currently 1.0 days.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Stock Performance

Shares of NASDAQ:QQQA opened at $53.75 on Friday. The stock has a market capitalization of $10.75 million, a price-to-earnings ratio of 32.92 and a beta of 1.16. ProShares Nasdaq-100 Dorsey Wright Momentum ETF has a 1-year low of $34.55 and a 1-year high of $56.71. The company has a 50 day moving average price of $52.71 and a 200 day moving average price of $49.19.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 24th were issued a $0.003 dividend. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Wednesday, December 24th.

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.