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

Defiance Nasdaq 100 Income Target ETF (NASDAQ:QQQT) was the target of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 9,100 shares, a decrease of 20.9% from the January 31st total of 11,500 shares. Based on an average daily volume of 24,200 shares, the days-to-cover ratio is currently 0.4 days.

Defiance Nasdaq 100 Income Target ETF Stock Performance

NASDAQ:QQQT traded down $0.43 during mid-day trading on Thursday, hitting $17.35. The company had a trading volume of 12,974 shares, compared to its average volume of 23,970. The firm has a market cap of $19.95 million and a P/E ratio of 31.17. Defiance Nasdaq 100 Income Target ETF has a fifty-two week low of $17.26 and a fifty-two week high of $20.71. The business’s fifty day moving average is $18.94 and its two-hundred day moving average is $19.10.

Defiance Nasdaq 100 Income Target ETF Cuts Dividend

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

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.