Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) Trading Down 1.5% – Here’s Why

Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQTGet Free Report)’s share price traded down 1.5% during mid-day trading on Tuesday . The company traded as low as $18.02 and last traded at $18.07. Approximately 24,381 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 35,354 shares. The stock had previously closed at $18.34.

Defiance Nasdaq 100 Income Target ETF Stock Performance

The stock has a market cap of $47.34 million, a P/E ratio of 30.50 and a beta of 1.26. The firm’s 50 day moving average is $18.19 and its 200 day moving average is $17.59.

Defiance Nasdaq 100 Income Target ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, August 4th. Shareholders of record on Monday, August 3rd were issued a $0.2909 dividend. This represents a c) annualized dividend and a yield of 19.3%. The ex-dividend date of this dividend was Monday, August 3rd.

About Defiance Nasdaq 100 Income Target ETF

(Get Free Report)

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.

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