Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) Short Interest Update

Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) saw a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 10,700 shares, a decline of 74.3% from the May 15th total of 41,700 shares. Currently, 0.9% of the company’s shares are short sold. Based on an average daily volume of 18,500 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Defiance Nasdaq 100 Income Target ETF stock. OLD Mission Capital LLC acquired a new stake in shares of Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,807 shares of the company’s stock, valued at approximately $546,000. OLD Mission Capital LLC owned 2.67% of Defiance Nasdaq 100 Income Target ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Defiance Nasdaq 100 Income Target ETF Price Performance

Shares of Defiance Nasdaq 100 Income Target ETF stock opened at $17.60 on Thursday. The business has a 50-day simple moving average of $16.63 and a 200 day simple moving average of $17.91. The firm has a market capitalization of $21.65 million and a price-to-earnings ratio of 31.91. Defiance Nasdaq 100 Income Target ETF has a one year low of $14.06 and a one year high of $20.71.

Defiance Nasdaq 100 Income Target ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Monday, June 2nd were paid a $0.2984 dividend. The ex-dividend date was Monday, June 2nd. This represents a $3.58 annualized dividend and a yield of 20.35%. This is an increase from Defiance Nasdaq 100 Income Target ETF’s previous monthly dividend of $0.27.

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.