QQQA

ProShares Nasdaq-100 Dorsey Wright Momentum ETF

$47.64

+0.00%

Market closed. Last update: 11:42 PM ET

📎 Investment Objective

The ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) seeks to provide investment results that, before fees and expenses, correspond to the performance of the Nasdaq-100 Dorsey Wright Momentum Index.

Overview

ETF tracking ProShares Nasdaq-100 Dorsey Wright Momentum ETF

Category Technology

Issuer ProShares

Inception Date 2021-05-20

Market Cap $10.5M

Average Volume N/A

Dividend Yield 0.10%

52-Week Range $36.44 - $52.69

VWAP $47.63

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund uses a momentum-based strategy, investing in the 100 largest non-financial companies listed on the Nasdaq Stock Market based on their relative strength or momentum. The portfolio is rebalanced and reconstituted on a monthly basis.

✨ Key Features

Focuses on the largest Nasdaq-listed companies with strong momentum characteristics
Utilizes a rules-based momentum-driven index methodology
Provides exposure to the technology sector, which makes up a significant portion of the Nasdaq-100 Index
Low expense ratio of 0.00%

⚠️ Primary Risks

Concentration risk as the fund is heavily weighted towards the technology sector
Momentum investing style can underperform during periods of market volatility
Potential for higher volatility compared to broader market indexes
Limited performance history as the fund is relatively new

👤 Best For

This ETF may be suitable for investors seeking exposure to the large-cap technology sector with a focus on momentum-driven stocks. It could be used as a satellite holding within a diversified portfolio, but investors should be comfortable with the higher volatility and sector concentration inherent in this type of strategy.