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

Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 33,691 shares, a decrease of 44.5% from the August 31st total of 60,743 shares. Based on an average trading volume of 26,028 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.2% of the company’s stock are sold short.

Defiance Nasdaq 100 Income Target ETF Price Performance

NASDAQ QQQT traded down $0.03 during trading on Wednesday, reaching $18.30. 55,519 shares of the company’s stock traded hands, compared to its average volume of 34,476. The firm has a market cap of $51.79 million, a price-to-earnings ratio of 30.50 and a beta of 1.27. The company’s 50 day simple moving average is $17.89 and its two-hundred day simple moving average is $17.82. Defiance Nasdaq 100 Income Target ETF has a 12-month low of $15.24 and a 12-month high of $19.45.

Defiance Nasdaq 100 Income Target ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, September 2nd. Investors of record on Tuesday, September 1st were issued a dividend of $0.3001 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This is a positive change from Defiance Nasdaq 100 Income Target ETF’s previous monthly dividend of $0.2909. This represents a $3.60 annualized dividend and a yield of 19.7%.

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.