Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) Shares Down 2.7% – Here’s Why

Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) shares were down 2.7% during trading on Thursday. The company traded as low as $17.06 and last traded at $17.11. Approximately 46,116 shares were traded during trading, an increase of 33% from the average session volume of 34,740 shares. The stock had previously closed at $17.59.

Defiance Nasdaq 100 Income Target ETF Price Performance

The stock’s 50 day simple moving average is $17.90 and its 200-day simple moving average is $18.04. The stock has a market capitalization of $50.94 million, a price-to-earnings ratio of 30.50 and a beta of 1.24.

Defiance Nasdaq 100 Income Target ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 2nd. Shareholders of record on Thursday, October 1st were issued a dividend of $0.3035 per share. This represents a $3.64 annualized dividend and a yield of 21.2%. This is a boost from Defiance Nasdaq 100 Income Target ETF’s previous monthly dividend of $0.3001. The ex-dividend date was Thursday, October 1st.

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.