Short Interest in ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) Decreases By 46.9%

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 76 shares, a drop of 46.9% from the March 15th total of 143 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,829 shares, the days-to-cover ratio is currently 0.0 days.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Stock Down 1.3%

ProShares Nasdaq-100 Dorsey Wright Momentum ETF stock traded down $0.75 during mid-day trading on Wednesday, hitting $58.68. 6,467 shares of the company were exchanged, compared to its average volume of 4,822. The company has a market capitalization of $12.32 million, a PE ratio of 32.92 and a beta of 1.16. The business has a fifty day moving average of $53.08 and a 200 day moving average of $51.02. ProShares Nasdaq-100 Dorsey Wright Momentum ETF has a 1-year low of $38.62 and a 1-year high of $59.48.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were given a $0.0002 dividend. The ex-dividend date was Wednesday, March 25th. This represents a $0.00 dividend on an annualized basis and a yield of 0.0%.

About ProShares Nasdaq-100 Dorsey Wright Momentum ETF

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.