Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) Short Interest Update

Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 60,743 shares, a growth of 268.0% from the August 15th total of 16,506 shares. Based on an average daily trading volume, of 32,409 shares, the days-to-cover ratio is currently 1.9 days. Approximately 2.3% of the shares of the company are short sold.

Defiance Nasdaq 100 Income Target ETF Stock Down 1.0%

QQQT traded down $0.18 during midday trading on Monday, hitting $17.48. 3,942 shares of the company traded hands, compared to its average volume of 34,877. The company’s 50-day moving average is $17.91 and its 200 day moving average is $17.70. The firm has a market capitalization of $45.80 million, a PE ratio of 30.50 and a beta of 1.27. Defiance Nasdaq 100 Income Target ETF has a 52 week low of $15.24 and a 52 week high of $19.45.

Defiance Nasdaq 100 Income Target ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 2nd. Investors of record on Tuesday, September 1st were given a dividend of $0.3001 per share. This represents a c) dividend on an annualized basis and a yield of 20.6%. This is a positive change from Defiance Nasdaq 100 Income Target ETF’s previous monthly dividend of $0.29. The ex-dividend date was Tuesday, September 1st.

About Defiance Nasdaq 100 Income Target ETF

The Defiance Nasdaq 100 Income Target ETF (QQQT) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that seeks current annual income of 20% by selling daily index call spreads on the Nasdaq 100. QQQT was launched on Jun 20, 2024 and is issued by Defiance.