Short Interest in Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) Expands By 549.4%

Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 9,404 shares, a growth of 549.4% from the May 14th total of 1,448 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 44,049 shares, the days-to-cover ratio is currently 0.2 days.

Defiance Nasdaq 100 Income Target ETF Trading Up 0.9%

Shares of NASDAQ:QQQT traded up $0.17 during midday trading on Friday, reaching $18.64. The company had a trading volume of 17,369 shares, compared to its average volume of 34,951. The stock has a market cap of $42.50 million, a P/E ratio of 30.50 and a beta of 1.24. Defiance Nasdaq 100 Income Target ETF has a 52-week low of $15.24 and a 52-week high of $19.45. The company’s 50 day moving average price is $17.90 and its 200 day moving average price is $17.45.

Defiance Nasdaq 100 Income Target ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, June 1st were paid a $0.3211 dividend. The ex-dividend date was Monday, June 1st. This is a positive change from Defiance Nasdaq 100 Income Target ETF’s previous monthly dividend of $0.29. This represents a c) dividend on an annualized basis and a yield of 20.7%.

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.