ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) Stock Price Down 3.4% – Here’s What Happened

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA)’s stock price fell 3.4% during trading on Thursday . The stock traded as low as $70.85 and last traded at $71.27. Approximately 205,522 shares traded hands during trading, an increase of 666% from the average daily volume of 26,836 shares. The stock had previously closed at $73.81.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Price Performance

The company has a market cap of $69.13 million, a price-to-earnings ratio of 32.92 and a beta of 1.34. The firm’s 50 day simple moving average is $77.10 and its 200-day simple moving average is $64.90.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 24th were given a dividend of $0.0152 per share. The ex-dividend date was Wednesday, June 24th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.1%.

Institutional Trading of ProShares Nasdaq-100 Dorsey Wright Momentum ETF

An institutional investor 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:QQQA) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,700 shares of the company’s stock, valued at approximately $86,000. KERR FINANCIAL PLANNING Corp owned about 0.68% of ProShares Nasdaq-100 Dorsey Wright Momentum ETF as of its most recent SEC filing.

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.