Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) Sees Large Drop in Short Interest

Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 1,448 shares, a decrease of 94.7% from the April 30th total of 27,558 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 47,166 shares, the days-to-cover ratio is presently 0.0 days.

Defiance Nasdaq 100 Income Target ETF Stock Performance

Shares of NASDAQ:QQQT traded up $0.01 on Wednesday, hitting $19.15. 36,610 shares of the company’s stock were exchanged, compared to its average volume of 32,504. The firm’s 50-day moving average is $17.28 and its 200 day moving average is $17.39. The company has a market capitalization of $43.66 million, a PE ratio of 30.50 and a beta of 1.19. Defiance Nasdaq 100 Income Target ETF has a 1-year low of $15.24 and a 1-year high of $19.22.

Defiance Nasdaq 100 Income Target ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, May 4th. Stockholders of record on Friday, May 1st were given a dividend of $0.2939 per share. This represents a c) annualized dividend and a dividend yield of 18.4%. The ex-dividend date of this dividend was Friday, May 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.