Astoria US Quality Growth Kings ETF (NASDAQ:GQQQ) Sees Significant Growth in Short Interest

Astoria US Quality Growth Kings ETF (NASDAQ:GQQQ) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 16,940 shares, an increase of 98.4% from the April 30th total of 8,540 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 11,703 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. purchased a new position in shares of Astoria US Quality Growth Kings ETF during the third quarter valued at approximately $298,000. Vermillion & White Wealth Management Group LLC boosted its position in shares of Astoria US Quality Growth Kings ETF by 3.0% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 531,686 shares of the company’s stock valued at $15,955,000 after buying an additional 15,707 shares during the period. Finally, Sound Income Strategies LLC purchased a new position in shares of Astoria US Quality Growth Kings ETF during the first quarter valued at approximately $310,000.

Astoria US Quality Growth Kings ETF Price Performance

Shares of GQQQ stock traded up $0.05 during trading hours on Wednesday, hitting $36.45. The stock had a trading volume of 319 shares, compared to its average volume of 13,475. Astoria US Quality Growth Kings ETF has a one year low of $25.73 and a one year high of $36.45. The stock’s 50-day moving average price is $32.51 and its two-hundred day moving average price is $31.04. The stock has a market capitalization of $142.52 million, a price-to-earnings ratio of 27.86 and a beta of 1.25.

Astoria US Quality Growth Kings ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 30th were given a $0.0429 dividend. This is an increase from Astoria US Quality Growth Kings ETF’s previous quarterly dividend of $0.04. This represents a $0.17 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, March 30th.

About Astoria US Quality Growth Kings ETF

The Astoria US Quality Growth Kings ETF (GQQQ) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of 75 to 100 US companies exhibiting quality and growth characteristics. The fund uses a quantitative approach to stock selection GQQQ was launched on Oct 1, 2024 and is issued by Astoria.