Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) Short Interest Up 83.5% in February

Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 16,700 shares, an increase of 83.5% from the February 13th total of 9,100 shares. Based on an average daily trading volume, of 25,100 shares, the days-to-cover ratio is currently 0.7 days. Approximately 1.6% of the shares of the stock are sold short.

Defiance Nasdaq 100 Income Target ETF Price Performance

Shares of Defiance Nasdaq 100 Income Target ETF stock traded up $0.43 during trading on Friday, hitting $17.01. The company’s stock had a trading volume of 8,331 shares, compared to its average volume of 23,739. Defiance Nasdaq 100 Income Target ETF has a 52 week low of $16.56 and a 52 week high of $20.71. The stock has a market cap of $17.86 million and a price-to-earnings ratio of 31.17. The stock has a 50-day moving average price of $18.64 and a two-hundred day moving average price of $18.99.

Defiance Nasdaq 100 Income Target ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, March 3rd were issued a $0.3091 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.