ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) Short Interest Up 88.8% in December

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 4,320 shares, a growth of 88.8% from the November 30th total of 2,288 shares. Currently, 2.1% of the company’s shares are short sold. Based on an average daily volume of 3,019 shares, the days-to-cover ratio is presently 1.4 days. Based on an average daily volume of 3,019 shares, the days-to-cover ratio is presently 1.4 days. Currently, 2.1% of the company’s shares are short sold.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Trading Down 0.5%

NASDAQ QQQA traded down $0.27 during trading hours on Monday, hitting $50.78. 11,138 shares of the company’s stock were exchanged, compared to its average volume of 3,074. ProShares Nasdaq-100 Dorsey Wright Momentum ETF has a 1-year low of $34.55 and a 1-year high of $52.91. The stock has a 50-day simple moving average of $49.00 and a 200 day simple moving average of $46.66. The firm has a market cap of $10.66 million, a price-to-earnings ratio of 32.92 and a beta of 1.16.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 24th will be paid a $0.003 dividend. The ex-dividend date is Wednesday, December 24th. This represents a $0.01 annualized dividend and a dividend yield of 0.0%.

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.