Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) Short Interest Down 79.5% in August

Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 16,506 shares, a drop of 79.5% from the July 30th total of 80,441 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average trading volume of 37,186 shares, the days-to-cover ratio is presently 0.4 days.

Defiance Nasdaq 100 Income Target ETF Stock Up 1.1%

Shares of Defiance Nasdaq 100 Income Target ETF stock traded up $0.20 during trading hours on Thursday, reaching $18.13. 41,940 shares of the stock traded hands, compared to its average volume of 35,301. Defiance Nasdaq 100 Income Target ETF has a one year low of $15.24 and a one year high of $19.45. The firm has a market capitalization of $47.50 million, a price-to-earnings ratio of 30.50 and a beta of 1.26. The company has a 50 day moving average price of $18.11 and a 200 day moving average price of $17.62.

Defiance Nasdaq 100 Income Target ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, August 4th. Investors of record on Monday, August 3rd were given a dividend of $0.2909 per share. The ex-dividend date was Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 19.3%.

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.