Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) Sees Significant Increase in Short Interest

Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) saw a large growth in short interest during the month of 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. Approximately 2.3% of the company’s shares are short sold. Based on an average daily volume of 32,409 shares, the days-to-cover ratio is currently 1.9 days.

Defiance Nasdaq 100 Income Target ETF Trading Up 0.6%

Shares of QQQT traded up $0.11 on Friday, reaching $17.66. 15,750 shares of the company’s stock were exchanged, compared to its average volume of 35,066. The business has a 50 day moving average price of $17.91 and a two-hundred day moving average price of $17.69. Defiance Nasdaq 100 Income Target ETF has a 12 month low of $15.24 and a 12 month high of $19.45. The stock has a market capitalization of $46.27 million, a P/E ratio of 30.50 and a beta of 1.27.

Defiance Nasdaq 100 Income Target ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Tuesday, September 1st were given a dividend of $0.3001 per share. This represents a c) annualized dividend and a dividend yield of 20.4%. The ex-dividend date was Tuesday, September 1st. This is a positive change from Defiance Nasdaq 100 Income Target ETF’s previous monthly dividend of $0.29.

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.