Short Interest in Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) Expands By 90.6%

Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 10,100 shares, an increase of 90.6% from the March 15th total of 5,300 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 21,900 shares, the days-to-cover ratio is currently 0.5 days.

Defiance Nasdaq 100 Income Target ETF Price Performance

Shares of NASDAQ QQQT traded down $0.29 during midday trading on Wednesday, hitting $15.62. 6,579 shares of the company’s stock were exchanged, compared to its average volume of 21,776. The firm’s fifty day simple moving average is $17.29 and its 200-day simple moving average is $18.55. The company has a market cap of $19.21 million and a PE ratio of 27.93. Defiance Nasdaq 100 Income Target ETF has a twelve month low of $14.06 and a twelve month high of $20.71.

Defiance Nasdaq 100 Income Target ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Tuesday, April 1st were given a dividend of $0.2861 per share. The ex-dividend date of this dividend was Tuesday, April 1st.

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.