VictoryShares Nasdaq Next 50 ETF (NASDAQ:QQQN) Short Interest Down 96.4% in April

VictoryShares Nasdaq Next 50 ETF (NASDAQ:QQQN) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 100 shares, a decline of 96.4% from the March 31st total of 2,800 shares. Based on an average daily trading volume, of 43,200 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On VictoryShares Nasdaq Next 50 ETF

An institutional investor recently raised its position in VictoryShares Nasdaq Next 50 ETF stock. Daiwa Securities Group Inc. grew its position in VictoryShares Nasdaq Next 50 ETF (NASDAQ:QQQN) by 30.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,278 shares of the company’s stock after acquiring an additional 5,423 shares during the period. Daiwa Securities Group Inc. owned 0.72% of VictoryShares Nasdaq Next 50 ETF worth $570,000 at the end of the most recent reporting period.

VictoryShares Nasdaq Next 50 ETF Price Performance

Shares of NASDAQ QQQN traded up $0.03 during mid-day trading on Thursday, hitting $27.69. The company had a trading volume of 4,006 shares, compared to its average volume of 36,248. VictoryShares Nasdaq Next 50 ETF has a 12 month low of $22.50 and a 12 month high of $29.96. The firm has a market cap of $19.38 million, a P/E ratio of 25.03 and a beta of 1.09. The business’s 50-day simple moving average is $28.77 and its 200-day simple moving average is $26.75.

VictoryShares Nasdaq Next 50 ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, April 12th were paid a $0.0401 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Thursday, April 11th.

VictoryShares Nasdaq Next 50 ETF Company Profile

The VictoryShares Nasdaq Next 50 ETF (QQQN) is an exchange-traded fund that is based on the NASDAQ Q-50 index. The fund tracks a market-cap weighted, narrow index of 50 non-financial stocks that are next-eligible for inclusion in the NASDAQ-100 Index. QQQN was launched on Sep 10, 2020 and is managed by VictoryShares.