Short Interest in ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) Rises By 50.0%

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQAGet Free Report) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 900 shares, a growth of 50.0% from the February 28th total of 600 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,900 shares, the days-to-cover ratio is currently 0.2 days.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Trading Up 0.7 %

QQQA stock traded up $0.28 during trading on Tuesday, hitting $41.20. The company had a trading volume of 1,014 shares, compared to its average volume of 2,880. The company has a fifty day moving average price of $46.87 and a two-hundred day moving average price of $46.01. ProShares Nasdaq-100 Dorsey Wright Momentum ETF has a fifty-two week low of $36.03 and a fifty-two week high of $52.91. The company has a market cap of $9.89 million, a P/E ratio of 36.38 and a beta of 1.04.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Company Profile

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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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