Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) Sees Large Drop in Short Interest

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

Defiance Nasdaq 100 Income Target ETF Stock Down 0.2%

Shares of Defiance Nasdaq 100 Income Target ETF stock traded down $0.03 during midday trading on Wednesday, hitting $18.30. The company had a trading volume of 55,519 shares, compared to its average volume of 34,476. The stock has a market cap of $51.79 million, a price-to-earnings ratio of 30.50 and a beta of 1.27. The company has a fifty day simple moving average of $17.89 and a 200 day simple moving average of $17.82. Defiance Nasdaq 100 Income Target ETF has a 12-month low of $15.24 and a 12-month high of $19.45.

Defiance Nasdaq 100 Income Target ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.3001 per share. This represents a $3.60 dividend on an annualized basis and a yield of 19.7%. The ex-dividend date was Tuesday, September 1st. This is a positive change from Defiance Nasdaq 100 Income Target ETF’s previous monthly dividend of $0.2909.

About Defiance Nasdaq 100 Income Target ETF

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.