VictoryShares Nasdaq Next 50 ETF (NASDAQ:QQQN) Sees Significant Decline in Short Interest

VictoryShares Nasdaq Next 50 ETF (NASDAQ:QQQN) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 100 shares, a drop of 96.4% from the March 31st total of 2,800 shares. Based on an average daily volume of 43,200 shares, the short-interest ratio is currently 0.0 days.

VictoryShares Nasdaq Next 50 ETF Trading Up 0.1 %

VictoryShares Nasdaq Next 50 ETF stock traded up $0.03 during trading hours on Thursday, reaching $27.69. 4,006 shares of the stock were exchanged, compared to its average volume of 36,248. VictoryShares Nasdaq Next 50 ETF has a twelve month low of $22.50 and a twelve month high of $29.96. The company has a market cap of $19.38 million, a P/E ratio of 25.03 and a beta of 1.09. The stock has a 50 day moving average of $28.77 and a two-hundred day moving average of $26.75.

VictoryShares Nasdaq Next 50 ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, April 15th. Investors of record on Friday, April 12th were given a dividend of $0.0401 per share. The ex-dividend date was Thursday, April 11th. This represents a $0.48 annualized dividend and a dividend yield of 1.74%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in VictoryShares Nasdaq Next 50 ETF stock. Daiwa Securities Group Inc. grew its holdings in VictoryShares Nasdaq Next 50 ETF (NASDAQ:QQQN) by 30.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 23,278 shares of the company’s stock after purchasing an additional 5,423 shares during the period. Daiwa Securities Group Inc. owned approximately 0.72% of VictoryShares Nasdaq Next 50 ETF worth $570,000 as of its most recent SEC filing.

About VictoryShares Nasdaq Next 50 ETF

The VictoryShares Nasdaq Next 50 ETF (QQQN) is an exchange-traded fund that is based on the NASDAQ Q-50 index. The fund tracks a market-cap weighted, narrow index of 50 non-financial stocks that are next-eligible for inclusion in the NASDAQ-100 Index. QQQN was launched on Sep 10, 2020 and is managed by VictoryShares.