Short Interest in ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) Increases By 80.5%

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQAGet Free Report) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 16,727 shares, a growth of 80.5% from the May 14th total of 9,265 shares. Approximately 6.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 34,111 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares Nasdaq-100 Dorsey Wright Momentum ETF stock. KERR FINANCIAL PLANNING Corp purchased a new position in shares of ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQAFree Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,700 shares of the company’s stock, valued at approximately $86,000. KERR FINANCIAL PLANNING Corp owned approximately 0.68% of ProShares Nasdaq-100 Dorsey Wright Momentum ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Stock Down 3.5%

Shares of NASDAQ:QQQA traded down $3.00 during trading on Tuesday, hitting $82.93. 82,150 shares of the company were exchanged, compared to its average volume of 17,169. The business’s 50 day moving average is $69.02 and its 200-day moving average is $57.91. The company has a market capitalization of $21.56 million, a P/E ratio of 32.92 and a beta of 1.35. ProShares Nasdaq-100 Dorsey Wright Momentum ETF has a 1-year low of $43.41 and a 1-year high of $86.81.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were issued a dividend of $0.0002 per share. The ex-dividend date was Wednesday, March 25th. This represents a $0.00 annualized dividend and a dividend yield of 0.0%.

About ProShares Nasdaq-100 Dorsey Wright Momentum ETF

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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.

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