ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) Short Interest Down 35.5% in July

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQAGet Free Report) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 17,860 shares, a decrease of 35.5% from the July 15th total of 27,680 shares. Based on an average trading volume of 37,169 shares, the short-interest ratio is presently 0.5 days. Currently, 1.8% of the shares of the stock are short sold.

Institutional Investors 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 purchased a new stake in shares of ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQAFree Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 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 as of its most recent filing with the Securities & Exchange Commission.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Trading Down 0.1%

Shares of QQQA stock opened at $73.43 on Tuesday. The firm has a market capitalization of $71.23 million, a price-to-earnings ratio of 32.92 and a beta of 1.34. The business’s 50-day moving average price is $76.27 and its 200-day moving average price is $65.85. ProShares Nasdaq-100 Dorsey Wright Momentum ETF has a 12 month low of $43.41 and a 12 month high of $88.24.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 24th were issued a $0.0152 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Wednesday, June 24th.

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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