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

Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 17,033 shares, a growth of 81.1% from the May 31st total of 9,404 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 54,371 shares, the short-interest ratio is presently 0.3 days.

Defiance Nasdaq 100 Income Target ETF Stock Performance

QQQT stock opened at $18.08 on Friday. Defiance Nasdaq 100 Income Target ETF has a fifty-two week low of $15.24 and a fifty-two week high of $19.45. The company’s 50 day moving average price is $18.55 and its 200 day moving average price is $17.52. The firm has a market capitalization of $43.39 million, a price-to-earnings ratio of 30.50 and a beta of 1.23.

Defiance Nasdaq 100 Income Target ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Wednesday, July 1st were issued a $0.3115 dividend. This represents a c) annualized dividend and a dividend yield of 20.7%. The ex-dividend date of this dividend was Wednesday, July 1st.

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.