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

Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) saw a large decline in short interest in April. As of April 15th, there was short interest totalling 7,300 shares, a decline of 27.7% from the March 31st total of 10,100 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 20,300 shares, the short-interest ratio is currently 0.4 days.

Defiance Nasdaq 100 Income Target ETF Price Performance

Shares of Defiance Nasdaq 100 Income Target ETF stock opened at $16.60 on Friday. The business has a 50 day simple moving average of $16.47 and a two-hundred day simple moving average of $18.28. The stock has a market capitalization of $20.42 million and a P/E ratio of 29.93. Defiance Nasdaq 100 Income Target ETF has a 12 month low of $14.06 and a 12 month high of $20.71.

Defiance Nasdaq 100 Income Target ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 2nd. Stockholders of record on Thursday, May 1st were given a $0.2743 dividend. This represents a $3.29 dividend on an annualized basis and a dividend yield of 19.83%. The ex-dividend date of this dividend was Thursday, May 1st.

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.