ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) Stock Price Down 2.2% – Should You Sell?

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQAGet Free Report) shares traded down 2.2% on Wednesday . The stock traded as low as $72.60 and last traded at $74.48. Approximately 95,628 shares were traded during trading, an increase of 293% from the average daily volume of 24,357 shares. The stock had previously closed at $76.13.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Stock Performance

The stock has a market cap of $74.41 million, a price-to-earnings ratio of 32.92 and a beta of 1.33. The company has a 50-day moving average of $77.53 and a 200-day moving average of $62.82.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 24th were paid a $0.0152 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Wednesday, June 24th.

Institutional Investors Weigh In On ProShares Nasdaq-100 Dorsey Wright Momentum ETF

An institutional investor recently bought a new position in ProShares Nasdaq-100 Dorsey Wright Momentum ETF stock. KERR FINANCIAL PLANNING Corp acquired a new stake in ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQAFree Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 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 at the end of the most recent reporting period.

About 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 highest price momentum. QQQA was launched on May 18, 2021 and is managed by ProShares.

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