ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) Short Interest Up 766.7% in February

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 2,600 shares, an increase of 766.7% from the January 31st total of 300 shares. Based on an average daily volume of 3,200 shares, the short-interest ratio is presently 0.8 days.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Stock Performance

QQQA traded down $1.40 during trading on Thursday, hitting $45.97. 2,848 shares of the stock were exchanged, compared to its average volume of 4,195. ProShares Nasdaq-100 Dorsey Wright Momentum ETF has a 1 year low of $36.03 and a 1 year high of $52.91. The firm has a market cap of $11.03 million, a price-to-earnings ratio of 43.31 and a beta of 1.04. The firm has a 50 day simple moving average of $48.63 and a 200 day simple moving average of $45.69.

ProShares Nasdaq-100 Dorsey Wright Momentum ETF Company Profile

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.