ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) Short Interest Down 89.5% in March

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) was the recipient of a large decline in short interest in March. As of March 13th, there was short interest totaling 143 shares, a decline of 89.5% from the February 26th total of 1,362 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 3,890 shares, the short-interest ratio is presently 0.0 days.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Stock Performance

QQQA stock traded down $1.17 during trading on Thursday, reaching $51.64. 957 shares of the company traded hands, compared to its average volume of 4,464. The business has a 50 day simple moving average of $53.21 and a 200 day simple moving average of $50.25. ProShares Nasdaq-100 Dorsey Wright Momentum ETF has a 12 month low of $34.55 and a 12 month high of $56.71. The company has a market capitalization of $10.33 million, a price-to-earnings ratio of 32.92 and a beta of 1.16.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be given a $0.0002 dividend. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $0.00 dividend on an annualized basis and a dividend yield of 0.0%.

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.