ProShares Launches Nasdaq-100 Dorsey Wright Momentum ETF
June 18, 2021
QQQA is the First ETF Focused on Select Nasdaq-100 Stocks with the Potential to Outperform
Bethesda, MD – May 20, 2021 – ProShares, a premier provider of ETFs, today launched the ProShares Nasdaq-100 Dorsey Wright Momentum ETF (Nasdaq: QQQA). QQQA is the first ETF focusing on select Nasdaq-100 stocks identified as having the greatest potential to outperform.
The ETF follows the Nasdaq-100 Dorsey Wright Momentum Index and relies on the expertise of Dorsey, Wright & Associates (“Dorsey Wright”), a recognized leader in momentum investing. Dorsey Wright identifies the 21 stocks for the index based on their proprietary “Relative Strength” approach.
“For years, the Nasdaq-100 has been a bellwether index for investing in innovative companies. ProShares is pleased to introduce the first Nasdaq-100 ETF using Dorsey Wright’s time-tested approach to identify stocks with the greatest potential to outperform,” said ProShares CEO Michael L. Sapir.
Financial professionals rely on Dorsey Wright investment research, and the company’s flagship “Relative Strength” system powers the investment decisions for $11 billion in assets.
About ProShares
ProShares has been at the forefront of the ETF revolution since 2006. ProShares now offers one of the largest lineups of ETFs, with more than $54 billion in assets. The company is the leader in strategies such as dividend growth, interest rate hedged bond and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.