WEBs Defined Volatility QQQ ETF (NASDAQ:DVQQ) Sees Large Drop in Short Interest

WEBs Defined Volatility QQQ ETF (NASDAQ:DVQQ) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 201 shares, a drop of 95.1% from the July 30th total of 4,103 shares. Based on an average daily volume of 2,153 shares, the short-interest ratio is currently 0.1 days. Currently, 0.3% of the shares of the company are short sold.

WEBs Defined Volatility QQQ ETF Price Performance

Shares of WEBs Defined Volatility QQQ ETF stock traded down $0.01 on Thursday, hitting $31.15. The stock had a trading volume of 18 shares, compared to its average volume of 4,262. The business’s 50 day moving average is $31.17 and its two-hundred day moving average is $29.23. WEBs Defined Volatility QQQ ETF has a twelve month low of $23.73 and a twelve month high of $33.28.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in WEBs Defined Volatility QQQ ETF stock. MML Investors Services LLC purchased a new stake in WEBs Defined Volatility QQQ ETF (NASDAQ:DVQQ) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 9,581 shares of the company’s stock, valued at approximately $262,000. MML Investors Services LLC owned about 6.84% of WEBs Defined Volatility QQQ ETF at the end of the most recent quarter.

WEBs Defined Volatility QQQ ETF Company Profile

The WEBs Defined Volatility QQQ ETF (DVQQ) is an exchange-traded fund that is based on the Syntax Defined Volatility Triple Qs index. The fund tracks an index that primarily invests in the Invesco QQQ ETF (QQQ), while alternately allocating between total return swaps and cash positions for a target annual volatility rate of 22%. DVQQ was launched on Dec 16, 2024 and is issued by WEBs.