Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) Short Interest Up 131.5% in July

Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 59,978 shares, a growth of 131.5% from the June 30th total of 25,912 shares. Approximately 2.4% of the company’s shares are sold short. Based on an average daily trading volume, of 29,769 shares, the short-interest ratio is currently 2.0 days.

Defiance Nasdaq 100 Income Target ETF Trading Down 1.4%

Shares of QQQT traded down $0.24 during trading hours on Tuesday, hitting $17.20. 50,664 shares of the stock traded hands, compared to its average volume of 34,909. The business has a fifty day moving average of $18.49 and a 200-day moving average of $17.56. The firm has a market capitalization of $43.52 million, a PE ratio of 30.50 and a beta of 1.23. Defiance Nasdaq 100 Income Target ETF has a 1-year low of $15.24 and a 1-year high of $19.45.

Defiance Nasdaq 100 Income Target ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.3115 per share. This represents a c) annualized dividend and a yield of 21.7%. The ex-dividend date of this dividend 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.