ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) Stock Price Up 1.6% – Here’s What Happened

Shares of ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) shot up 1.6% during mid-day trading on Monday. The stock traded as high as $67.46 and last traded at $66.62. 7,837 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 24,117 shares. The stock had previously closed at $65.57.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Price Performance

The firm has a market cap of $49.56 million, a price-to-earnings ratio of 32.92 and a beta of 1.34. The business has a 50-day moving average of $70.30 and a 200-day moving average of $71.42.

Institutional Inflows and Outflows

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

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.