The Defiance Nasdaq 100 Enhanced Options & 0DTE Income ETF (NASDAQ: QQQY) has announced an increase in its quarterly dividend to $0.13 per share. This decision, confirmed on February 25, 2024, reflects a commitment to providing returns to its shareholders. Stockholders of record on February 26, 2024, will receive the dividend payment on February 27, 2024. The ex-dividend date is also set for February 26.
This new dividend marks a modest increase of 0.4% from the previous dividend of $0.13. The announcement has been positively received in the market, although shares of QQQY traded down by $0.38 during mid-day trading, reaching a price of $22.15 per share.
Market Performance and Trading Activity
On Thursday, 94,666 shares of QQQY changed hands, compared to the ETF’s average trading volume of 171,894 shares. The ETF’s current price sits below its 50-day moving average of $23.24 and 200-day moving average of $24.38, indicating some volatility in recent trading sessions.
Over the past year, QQQY has experienced fluctuations, with a one-year low of $21.87 and a one-year high of $29.33. These figures highlight the potential for both risk and reward for investors considering this ETF.
Company Overview
The Defiance Nasdaq 100 Enhanced Options & 0DTE Income ETF focuses on enhancing income through innovative options strategies while tracking the performance of the Nasdaq 100 index. This approach aims to provide investors with a blend of growth and income opportunities in the ever-evolving market landscape.
As shareholders await the upcoming dividend payout, the ETF’s performance will continue to be closely monitored, particularly as market conditions shift. Investors are encouraged to stay informed about future announcements and performance metrics as they assess their investment strategies.
