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

Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) saw a large increase in short interest during the month of 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. Based on an average daily trading volume, of 29,769 shares, the days-to-cover ratio is currently 2.0 days. Currently, 2.4% of the shares of the company are sold short.

Defiance Nasdaq 100 Income Target ETF Stock Performance

Shares of NASDAQ QQQT traded down $0.44 during midday trading on Wednesday, hitting $17.02. The company’s stock had a trading volume of 60,127 shares, compared to its average volume of 35,450. Defiance Nasdaq 100 Income Target ETF has a 1-year low of $15.24 and a 1-year high of $19.45. The firm’s fifty day moving average price is $18.47 and its 200-day moving average price is $17.56. The firm has a market cap of $43.06 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 $0.3115 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 22.0%.

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.