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 target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 2,600 shares, an increase of 36.8% from the August 31st total of 1,900 shares. Based on an average daily volume of 2,500 shares, the short-interest ratio is currently 1.0 days.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Price Performance

Shares of QQQA traded down $0.35 on Friday, reaching $43.78. 2,073 shares of the stock traded hands, compared to its average volume of 3,006. The firm has a market cap of $11.82 million, a price-to-earnings ratio of 33.90 and a beta of 1.04. ProShares Nasdaq-100 Dorsey Wright Momentum ETF has a 12 month low of $31.96 and a 12 month high of $48.20. The stock’s 50-day moving average price is $41.27 and its 200-day moving average price is $43.00.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 25th will be given a dividend of $0.0191 per share. The ex-dividend date of this dividend is Wednesday, September 25th.

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.