WEBs Defined Volatility QQQ ETF (NASDAQ:DVQQ) Sees Significant Increase in Short Interest

WEBs Defined Volatility QQQ ETF (NASDAQ:DVQQ) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 4,868 shares, a growth of 426.3% from the September 30th total of 925 shares. Based on an average daily volume of 1,275 shares, the short-interest ratio is presently 3.8 days. Currently, 9.7% of the shares of the stock are sold short.

WEBs Defined Volatility QQQ ETF Stock Up 1.5%

DVQQ traded up $0.46 during midday trading on Tuesday, reaching $31.75. 123 shares of the company’s stock were exchanged, compared to its average volume of 3,742. WEBs Defined Volatility QQQ ETF has a one year low of $23.73 and a one year high of $34.51. The business has a 50-day simple moving average of $32.16 and a two-hundred day simple moving average of $29.72.

Hedge Funds Weigh In On WEBs Defined Volatility QQQ ETF

A hedge fund recently bought a new position in WEBs Defined Volatility QQQ ETF stock. Envestnet Asset Management Inc. purchased a new stake in WEBs Defined Volatility QQQ ETF (NASDAQ:DVQQ) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,477 shares of the company’s stock, valued at approximately $303,000. Envestnet Asset Management Inc. owned 18.95% of WEBs Defined Volatility QQQ ETF at the end of the most recent reporting period.

About WEBs Defined Volatility QQQ ETF

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.