Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) Short Interest Update

Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 33,691 shares, a decline of 44.5% from the August 31st total of 60,743 shares. Based on an average daily volume of 26,028 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.2% of the company’s stock are sold short.

Defiance Nasdaq 100 Income Target ETF Stock Down 1.6%

Shares of NASDAQ QQQT traded down $0.29 during midday trading on Thursday, reaching $18.01. 35,966 shares of the company’s stock traded hands, compared to its average volume of 34,483. The stock’s 50 day simple moving average is $17.90 and its 200-day simple moving average is $17.83. Defiance Nasdaq 100 Income Target ETF has a one year low of $15.24 and a one year high of $19.45. The company has a market cap of $50.97 million, a price-to-earnings ratio of 30.50 and a beta of 1.27.

Defiance Nasdaq 100 Income Target ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Thursday, October 1st will be given a dividend of $0.3035 per share. This is a boost from Defiance Nasdaq 100 Income Target ETF’s previous monthly dividend of $0.3001. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $3.64 annualized dividend and a yield of 20.2%.

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.