Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) Sees Significant Increase in Short Interest

Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 17,033 shares, a growth of 81.1% from the May 31st total of 9,404 shares. Based on an average daily trading volume, of 54,371 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.7% of the company’s shares are sold short.

Defiance Nasdaq 100 Income Target ETF Price Performance

Shares of QQQT opened at $18.08 on Friday. The company has a 50-day moving average of $18.56 and a two-hundred day moving average of $17.53. The stock has a market cap of $43.39 million, a price-to-earnings ratio of 30.50 and a beta of 1.23. 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 declared a monthly dividend, which was paid on Thursday, July 2nd. Investors of record on Wednesday, July 1st were given a $0.3115 dividend. This represents a c) annualized dividend and a dividend yield of 20.7%. 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.