Short Interest in ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) Declines By 76.9%

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) saw a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 600 shares, a decrease of 76.9% from the February 13th total of 2,600 shares. Based on an average trading volume of 3,700 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the shares of the company are sold short.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Stock Up 2.3 %

Shares of NASDAQ:QQQA opened at $41.89 on Thursday. The firm has a market capitalization of $10.05 million, a PE ratio of 34.93 and a beta of 1.04. The company has a 50-day moving average price of $48.09 and a two-hundred day moving average price of $45.83. ProShares Nasdaq-100 Dorsey Wright Momentum ETF has a twelve month low of $36.03 and a twelve month high of $52.91.

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.