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

Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 5,300 shares, a drop of 68.3% from the February 28th total of 16,700 shares. Based on an average daily volume of 23,700 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.5% of the company’s stock are short sold.

Defiance Nasdaq 100 Income Target ETF Price Performance

Shares of NASDAQ:QQQT traded down $0.40 during trading on Friday, hitting $16.63. 17,999 shares of the company were exchanged, compared to its average volume of 22,232. The firm’s 50 day moving average price is $18.27 and its 200-day moving average price is $18.87. The stock has a market capitalization of $17.46 million and a P/E ratio of 30.27. Defiance Nasdaq 100 Income Target ETF has a 12-month low of $16.56 and a 12-month high of $20.71.

Defiance Nasdaq 100 Income Target ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, March 3rd were paid a $0.3091 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.