VictoryShares Nasdaq Next 50 ETF (NASDAQ:QQQN) Short Interest Down 66.7% in June

VictoryShares Nasdaq Next 50 ETF (NASDAQ:QQQN) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 100 shares, a drop of 66.7% from the May 31st total of 300 shares. Based on an average daily trading volume, of 6,200 shares, the days-to-cover ratio is presently 0.0 days.

VictoryShares Nasdaq Next 50 ETF Trading Up 0.7 %

Shares of NASDAQ:QQQN traded up $0.20 on Thursday, reaching $29.06. 3,902 shares of the company traded hands, compared to its average volume of 26,184. The business’s 50-day simple moving average is $28.50 and its 200 day simple moving average is $28.08. VictoryShares Nasdaq Next 50 ETF has a 52 week low of $22.50 and a 52 week high of $29.96. The stock has a market capitalization of $20.34 million, a P/E ratio of 25.17 and a beta of 1.09.

VictoryShares Nasdaq Next 50 ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, June 13th. Investors of record on Wednesday, June 12th were paid a $0.0706 dividend. The ex-dividend date was Wednesday, June 12th. This represents a $0.85 annualized dividend and a dividend yield of 2.92%.

Institutional Trading of VictoryShares Nasdaq Next 50 ETF

A hedge fund recently bought a new stake in VictoryShares Nasdaq Next 50 ETF stock. Wealthcare Advisory Partners LLC acquired a new position in VictoryShares Nasdaq Next 50 ETF (NASDAQ:QQQN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,681 shares of the company’s stock, valued at approximately $426,000. Wealthcare Advisory Partners LLC owned approximately 0.49% of VictoryShares Nasdaq Next 50 ETF at the end of the most recent quarter.

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.