WEBs Defined Volatility QQQ ETF (NASDAQ:DVQQ) Sees Significant Growth in Short Interest

WEBs Defined Volatility QQQ ETF (NASDAQ:DVQQ) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 4,868 shares, an increase of 426.3% from the September 30th total of 925 shares. Based on an average daily trading volume, of 1,275 shares, the days-to-cover ratio is presently 3.8 days. Approximately 9.7% of the shares of the stock are short sold.

Institutional Trading of WEBs Defined Volatility QQQ ETF

A hedge fund recently bought a new position in WEBs Defined Volatility QQQ ETF stock. Envestnet Asset Management Inc. purchased a new position in WEBs Defined Volatility QQQ ETF (NASDAQ:DVQQ) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,477 shares of the company’s stock, valued at approximately $303,000. Envestnet Asset Management Inc. owned approximately 18.95% of WEBs Defined Volatility QQQ ETF at the end of the most recent reporting period.

WEBs Defined Volatility QQQ ETF Stock Up 0.8%

DVQQ traded up $0.24 during mid-day trading on Wednesday, reaching $32.00. The stock had a trading volume of 23 shares, compared to its average volume of 3,706. The firm’s fifty day simple moving average is $32.16 and its two-hundred day simple moving average is $29.74. WEBs Defined Volatility QQQ ETF has a 52 week low of $23.73 and a 52 week high of $34.51.

WEBs Defined Volatility QQQ ETF Company Profile

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.