WEBs Defined Volatility QQQ ETF (NASDAQ:DVQQ) Short Interest Up 687.5% in July

WEBs Defined Volatility QQQ ETF (NASDAQ:DVQQ) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 4,103 shares, an increase of 687.5% from the July 15th total of 521 shares. Currently, 6.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 681 shares, the short-interest ratio is currently 6.0 days.

WEBs Defined Volatility QQQ ETF Price Performance

Shares of NASDAQ:DVQQ opened at $31.73 on Friday. WEBs Defined Volatility QQQ ETF has a 12 month low of $23.73 and a 12 month high of $33.28. The company’s 50-day moving average price is $31.14 and its two-hundred day moving average price is $28.99.

Hedge Funds Weigh In On WEBs Defined Volatility QQQ ETF

An institutional investor recently bought a new position in WEBs Defined Volatility QQQ ETF stock. MML Investors Services LLC purchased a new stake in WEBs Defined Volatility QQQ ETF (NASDAQ:DVQQ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,581 shares of the company’s stock, valued at approximately $262,000. MML Investors Services LLC owned approximately 6.84% of WEBs Defined Volatility QQQ ETF at the end of the most recent reporting period.

About WEBs Defined Volatility QQQ ETF

The WEBs Defined Volatility QQQ ETF (DVQQ) is an exchange-traded fund that is based on the Syntax Defined Volatility Triple Qs index. The fund tracks an index that primarily invests in the Invesco QQQ ETF (QQQ), while alternately allocating between total return swaps and cash positions for a target annual volatility rate of 22%. DVQQ was launched on Dec 16, 2024 and is issued by WEBs.