- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 7501 Wisconsin Avenue Bethesda MD United States of America
- IPO Date
- May 20, 2021
- Business
- ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) is an exchange-traded fund that seeks investment results, before fees and expenses, corresponding to the performance of the Nasdaq-100 Dorsey Wright Momentum Index. The index, constructed and maintained by Dorsey, Wright & Associates, LLC, measures the performance of the 21 highest-momentum securities, excluding financial companies, selected from the Nasdaq-100 Index using a proprietary Relative Strength signal; the ETF holds these 21 large-cap growth stocks on an equal-weighted basis, with top holdings including Warner Bros. Discovery Inc., Micron Technology Inc., KLA Corp., Lam Research Corp., and AppLovin Corp., among others. It provides investors with targeted exposure to momentum-driven Nasdaq-100 constituents, focusing on innovative technology, consumer discretionary, and communication services sectors; quarterly distributions are made, options trading is available, and the expense ratio stands at 0.58%.
QQQA was launched on May 18, 2021, and trades on the Nasdaq exchange under the ticker QQQA (CUSIP 74347G671). The ETF is issued by ProShares Trust and managed by ProShare Advisors LLC, a leading provider of strategic and tactical ETFs based in Bethesda, Maryland, where the firm opened its expanded headquarters in 2022. ProShares, affiliated with entities including ProFund Advisors LLC and ProShare Capital Management LLC, pioneered leveraged and inverse ETFs since 2006 and manages over $95 billion in assets across a broad lineup.
Recent developments for ProShares include strengthening distribution capabilities in September 2025 through the hiring of three Regional Vice Presidents—Chad Brand, Mike Hart, and Matt Zorumski—to enhance sales and investor outreach. In June 2025, the firm launched a groundbreaking suite of three Dynamic Buffer ETFs, employing a patent-pending methodology that dynamically adjusts protection levels based on daily expected volatility for flagship U.S. stock indexes. Additionally, in April 2025, ProShares introduced three futures-based XRP cryptocurrency ETFs, expanding its crypto-linked offerings amid regulatory approvals, while earlier in 2024 it announced targeted closures of underperforming ETFs as part of ongoing product reviews. These initiatives reflect ProShares' continued innovation in ETF strategies, including momentum, high-income, and risk-managed products, with no specific changes reported for QQQA itself in the last 1-2 years.