Short Interest in WEBs Defined Volatility QQQ ETF (NASDAQ:DVQQ) Declines By 95.1%

WEBs Defined Volatility QQQ ETF (NASDAQ:DVQQ) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 201 shares, a drop of 95.1% from the July 30th total of 4,103 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 2,153 shares, the short-interest ratio is currently 0.1 days.

WEBs Defined Volatility QQQ ETF Stock Up 0.6%

WEBs Defined Volatility QQQ ETF stock traded up $0.18 during trading hours on Tuesday, hitting $31.15. 258 shares of the stock traded hands, compared to its average volume of 4,289. The firm’s 50 day moving average price is $31.20 and its 200-day moving average price is $29.16. WEBs Defined Volatility QQQ ETF has a 1 year low of $23.73 and a 1 year high of $33.28.

Institutional Investors Weigh In On WEBs Defined Volatility QQQ ETF

A hedge fund recently bought a new position in WEBs Defined Volatility QQQ ETF stock. MML Investors Services LLC purchased a new position in WEBs Defined Volatility QQQ ETF (NASDAQ:DVQQ) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,581 shares of the company’s stock, valued at approximately $262,000. MML Investors Services LLC owned 6.84% of WEBs Defined Volatility QQQ ETF at the end of the most recent quarter.

About WEBs Defined Volatility QQQ ETF

The WEBs Defined Volatility QQQ ETF (DVQQ) is an exchange-traded fund that is based on the Syntax Defined Volatility Triple Qs index. The fund tracks an index that primarily invests in the Invesco QQQ ETF (QQQ), while alternately allocating between total return swaps and cash positions for a target annual volatility rate of 22%. DVQQ was launched on Dec 16, 2024 and is issued by WEBs.