Kurv Technology Titans Select ETF (NASDAQ:KQQQ) Sees Large Growth in Short Interest

Kurv Technology Titans Select ETF (NASDAQ:KQQQ) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 55,167 shares, a growth of 147.2% from the December 31st total of 22,318 shares. Approximately 1.6% of the company’s stock are sold short. Based on an average daily volume of 122,832 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 122,832 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.6% of the company’s stock are sold short.

Kurv Technology Titans Select ETF Stock Performance

KQQQ stock traded down $0.24 during midday trading on Friday, reaching $27.66. 70,811 shares of the company were exchanged, compared to its average volume of 110,981. The stock’s 50-day simple moving average is $28.35 and its 200 day simple moving average is $28.60. Kurv Technology Titans Select ETF has a 1-year low of $19.72 and a 1-year high of $30.65. The company has a market cap of $98.75 million, a price-to-earnings ratio of 31.91 and a beta of 1.20.

Kurv Technology Titans Select ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, January 29th. Investors of record on Wednesday, January 28th were given a $0.41 dividend. The ex-dividend date was Wednesday, January 28th. This represents a c) annualized dividend and a yield of 17.8%.

Hedge Funds Weigh In On Kurv Technology Titans Select ETF

Several hedge funds have recently bought and sold shares of KQQQ. Jane Street Group LLC acquired a new position in Kurv Technology Titans Select ETF in the first quarter valued at $275,000. Wolverine Trading LLC bought a new position in Kurv Technology Titans Select ETF during the 3rd quarter worth $486,000. Newbridge Financial Services Group Inc. bought a new position in shares of Kurv Technology Titans Select ETF in the fourth quarter worth $474,000. Envestnet Asset Management Inc. bought a new position in Kurv Technology Titans Select ETF during the third quarter valued at about $518,000. Finally, Jaffetilchin Investment Partners LLC acquired a new position in shares of Kurv Technology Titans Select ETF in the 4th quarter valued at $615,000.

About Kurv Technology Titans Select ETF

The Kurv Technology Titans Select ETF (KQQQ) is an exchange-traded fund that mostly invests in information technology equity. The fund aims to actively generate income and pursue capital appreciation from a concentrated portfolio of large-cap technology stocks or derivatives, globally. The shift in underlying assets is determined by the advisers outlook for growth and momentum KQQQ was launched on Jul 22, 2024 and is issued by Kurv.