The ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) is an exchange-traded fund designed to provide exposure to Nasdaq-100 companies selected according to momentum characteristics. The ETF is managed by ProShares and trades under the ticker QQQA on the Nasdaq.

Classified as a factor-based equity ETF, the fund uses a quantitative methodology to identify Nasdaq-100 constituents that exhibit strong momentum characteristics, emphasizing companies demonstrating superior relative strength compared with other members of the index.

The ETF follows a passive management approach and seeks to replicate the performance of the Nasdaq-100 Dorsey Wright Momentum Index, a benchmark that applies momentum-based selection criteria to the Nasdaq-100 universe.

Diversification and sector exposure

QQQA provides exposure primarily associated with:

• Momentum stocks.

• Technology.

• Communication services.

• Consumer discretionary.

• Artificial intelligence.

• Software.

• Semiconductors.

• Growth-oriented companies.

The portfolio consists of companies selected according to relative-strength measures, which may lead to periodic changes in holdings as market leadership shifts over time. The ETF’s performance is closely tied to stocks exhibiting strong market momentum, aiming to capture prevailing trends within the Nasdaq-100 investment universe.

Structure and costs

QQQA shares trade on the secondary market on the Nasdaq during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF’s market price with its net asset value (NAV).

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. Dividends received from portfolio holdings may be distributed periodically to shareholders according to the fund’s distribution policy.

History and evolution of the ETF

The ProShares Nasdaq-100 Dorsey Wright Momentum ETF was launched in 2024 with the objective of combining Nasdaq-100 exposure with a rules-based momentum investment methodology.

Since inception, the fund has become part of the growing category of factor-based ETFs that use quantitative screening techniques to identify stocks exhibiting specific market characteristics.

In recent years, momentum investing has attracted increased attention from investors seeking to capture market leadership trends, particularly within sectors associated with technology, innovation, and corporate growth.

Additional Information

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $69.09 million.

Over the past 12 months, ProShares Nasdaq-100 Dorsey Wright Momentum ETF recorded a return of 58.44%, with its price trading between $43.75 and $87.48 during the same period.

The ETF is traded under the ticker QQQA.