ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) Brief Interest Update

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA – Get Free Report ) was the beneficiary of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 2,600 shares, an increase of 36.8% from the August 31st total of 1,900 shares. Based on an average daily volume of 2,500 shares, the short interest rate is currently 1.0 days.

Stock performance of the ProShares Nasdaq-100 Dorsey Wright Momentum ETF

NASDAQ QQQA traded down $0.35 during trading hours on Friday, reaching $43.78. 2,073 shares of the company traded hands, compared to its average volume of 3,006. The company’s 50-day moving average is $41.27, and its 200-day moving average is $43.00. ProShares Nasdaq-100 Dorsey Wright Momentum ETF has a 12-month low of $31.96 and a 12-month high of $48.20. The stock has a market cap of $11.82 million, a price-to-earnings ratio of 33.90 and a beta of 1.04.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF is cutting dividends

The firm also recently disclosed a dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 25th will be given a $0.0191 dividend. The ex-dividend date of this dividend is Wednesday, September 25.

Company Profile of 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 greatest price momentum. QQQA was launched on May 18, 2021 and is managed by ProShares.

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