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

Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 5,300 shares, a decrease of 68.3% from the February 28th total of 16,700 shares. Based on an average daily volume of 23,700 shares, the short-interest ratio is presently 0.2 days. Approximately 0.5% of the company’s shares are short sold.

Defiance Nasdaq 100 Income Target ETF Stock Down 1.8 %

Shares of QQQT stock traded down $0.31 on Friday, reaching $16.72. 8,431 shares of the stock were exchanged, compared to its average volume of 22,068. The stock has a market cap of $17.56 million and a P/E ratio of 30.27. The firm has a 50 day moving average of $18.32 and a two-hundred day moving average of $18.88. Defiance Nasdaq 100 Income Target ETF has a 1-year low of $16.56 and a 1-year high of $20.71.

Defiance Nasdaq 100 Income Target ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, March 4th. Stockholders 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.