ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) Short Interest Up 150.0% in November

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) was the target of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 500 shares, a growth of 150.0% from the November 15th total of 200 shares. Based on an average daily volume of 2,500 shares, the days-to-cover ratio is presently 0.2 days.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Price Performance

Shares of NASDAQ:QQQA opened at $48.40 on Friday. The stock has a market cap of $12.58 million, a price-to-earnings ratio of 33.90 and a beta of 1.04. ProShares Nasdaq-100 Dorsey Wright Momentum ETF has a 12 month low of $36.03 and a 12 month high of $48.40. The stock’s 50 day moving average price is $45.59 and its 200 day moving average price is $44.09.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, September 25th were paid a dividend of $0.0191 per share. The ex-dividend date was Wednesday, September 25th.

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.