Short Interest in Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) Grows By 549.4%

Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 9,404 shares, an increase of 549.4% from the May 14th total of 1,448 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 44,049 shares, the days-to-cover ratio is currently 0.2 days.

Defiance Nasdaq 100 Income Target ETF Price Performance

Defiance Nasdaq 100 Income Target ETF stock traded up $0.52 during mid-day trading on Thursday, hitting $18.47. 35,184 shares of the company were exchanged, compared to its average volume of 35,110. The business’s 50 day simple moving average is $17.85 and its two-hundred day simple moving average is $17.45. The company has a market capitalization of $42.11 million, a P/E ratio of 30.50 and a beta of 1.24. Defiance Nasdaq 100 Income Target ETF has a 12-month low of $15.24 and a 12-month high of $19.45.

Defiance Nasdaq 100 Income Target ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, June 1st were given a dividend of $0.3211 per share. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from Defiance Nasdaq 100 Income Target ETF’s previous monthly dividend of $0.29. This represents a c) annualized dividend and a yield of 20.9%.

About Defiance Nasdaq 100 Income Target ETF

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.