Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT – Get Free Report) was the recipient of a large increase in short interest in 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. Approximately 2.4% of the shares of the stock are sold short. Based on an average trading volume of 29,769 shares, the days-to-cover ratio is presently 2.0 days.
Defiance Nasdaq 100 Income Target ETF Stock Performance
Shares of NASDAQ QQQT traded up $0.41 during mid-day trading on Thursday, reaching $17.43. The company had a trading volume of 6,665 shares, compared to its average volume of 35,247. The firm has a market cap of $44.10 million, a price-to-earnings ratio of 30.50 and a beta of 1.23. The business’s 50-day simple moving average is $18.44 and its 200 day simple moving average is $17.55. Defiance Nasdaq 100 Income Target ETF has a one year low of $15.24 and a one year high of $19.45.
Defiance Nasdaq 100 Income Target ETF Cuts Dividend
The company also recently disclosed a monthly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.3115 per share. This represents a c) dividend on an annualized basis and a yield of 21.4%. The ex-dividend date was Wednesday, July 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.
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