Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) Short Interest Up 131.5% in July

Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 59,978 shares, an increase of 131.5% from the June 30th total of 25,912 shares. Approximately 2.4% of the company’s shares are short sold. Based on an average daily volume of 29,769 shares, the days-to-cover ratio is presently 2.0 days.

Defiance Nasdaq 100 Income Target ETF Trading Down 1.4%

Shares of QQQT stock traded down $0.24 on Tuesday, hitting $17.20. The stock had a trading volume of 50,664 shares, compared to its average volume of 34,909. Defiance Nasdaq 100 Income Target ETF has a twelve month low of $15.24 and a twelve month high of $19.45. The company has a fifty day moving average price of $18.49 and a two-hundred day moving average price of $17.56. The firm has a market cap of $43.52 million, a P/E ratio of 30.50 and a beta of 1.23.

Defiance Nasdaq 100 Income Target ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.3115 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 21.7%.

Defiance Nasdaq 100 Income Target ETF Company Profile

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.