WEBs Defined Volatility QQQ ETF (NASDAQ:DVQQ) Sees Significant Increase in Short Interest

WEBs Defined Volatility QQQ ETF (NASDAQ:DVQQ) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 4,868 shares, a growth of 426.3% from the September 30th total of 925 shares. Currently, 9.7% of the shares of the stock are sold short. Based on an average daily volume of 1,275 shares, the days-to-cover ratio is currently 3.8 days.

Institutional Trading of WEBs Defined Volatility QQQ ETF

An institutional investor recently bought a new position in WEBs Defined Volatility QQQ ETF stock. Envestnet Asset Management Inc. bought a new position in WEBs Defined Volatility QQQ ETF (NASDAQ:DVQQ) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,477 shares of the company’s stock, valued at approximately $303,000. Envestnet Asset Management Inc. owned approximately 18.95% of WEBs Defined Volatility QQQ ETF at the end of the most recent reporting period.

WEBs Defined Volatility QQQ ETF Trading Up 1.5%

DVQQ stock traded up $0.46 during trading on Tuesday, hitting $31.75. 123 shares of the stock traded hands, compared to its average volume of 3,742. WEBs Defined Volatility QQQ ETF has a one year low of $23.73 and a one year high of $34.51. The company has a 50 day simple moving average of $32.16 and a 200 day simple moving average of $29.72.

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.