Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) Trading Up 0.5% – Still a Buy?

Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) shares traded up 0.5% on Friday . The company traded as high as $18.92 and last traded at $18.84. 19,298 shares traded hands during trading, a decline of 40% from the average session volume of 31,967 shares. The stock had previously closed at $18.75.

Defiance Nasdaq 100 Income Target ETF Price Performance

The stock has a market capitalization of $42.96 million, a P/E ratio of 30.50 and a beta of 1.19. The company’s 50-day simple moving average is $17.12 and its 200-day simple moving average is $17.38.

Defiance Nasdaq 100 Income Target ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, May 4th. Stockholders of record on Friday, May 1st were issued a $0.2939 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 18.7%. The ex-dividend date of this dividend was Friday, May 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.