ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) Sees Large Drop in Short Interest

Posted by Renee Jackson on Jun 3rd, 2026

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA – Get Free Report) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 9,265 shares, a drop of 51.8% from the April 30th total of 19,213 shares. Based on an average daily trading volume, of 34,952 shares, the short-interest ratio is presently 0.3 days. Currently, 3.6% of the company’s stock are short sold.

Hedge Funds Weigh In On ProShares Nasdaq-100 Dorsey Wright Momentum ETF

A hedge fund recently bought a new stake in ProShares Nasdaq-100 Dorsey Wright Momentum ETF stock. KERR FINANCIAL PLANNING Corp bought a new position in shares of ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,700 shares of the company’s stock, valued at approximately $86,000. KERR FINANCIAL PLANNING Corp owned approximately 0.68% of ProShares Nasdaq-100 Dorsey Wright Momentum ETF as of its most recent SEC filing.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Price Performance

NASDAQ QQQA remained flat at $78.05 during trading on Tuesday. The company’s stock had a trading volume of 66,578 shares, compared to its average volume of 12,350. ProShares Nasdaq-100 Dorsey Wright Momentum ETF has a one year low of $43.37 and a one year high of $78.68. The business’s 50 day simple moving average is $63.42 and its two-hundred day simple moving average is $55.61. The company has a market cap of $20.29 million, a P/E ratio of 32.92 and a beta of 1.32.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were issued a dividend of $0.0002 per share. This represents a $0.00 annualized dividend and a yield of 0.0%. The ex-dividend date was Wednesday, March 25th.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Company Profile

(Get Free Report)

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.