Short Interest in Astoria US Quality Growth Kings ETF (NASDAQ:GQQQ) Expands By 98.4%

Astoria US Quality Growth Kings ETF (NASDAQ:GQQQ) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 16,940 shares, a growth of 98.4% from the April 30th total of 8,540 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 11,703 shares, the short-interest ratio is currently 1.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC grew its holdings in Astoria US Quality Growth Kings ETF by 3.0% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 531,686 shares of the company’s stock worth $15,955,000 after acquiring an additional 15,707 shares during the period. Ameriprise Financial Inc. acquired a new stake in Astoria US Quality Growth Kings ETF during the third quarter worth about $298,000. Finally, Sound Income Strategies LLC acquired a new stake in Astoria US Quality Growth Kings ETF during the first quarter worth about $310,000.

Astoria US Quality Growth Kings ETF Stock Performance

Shares of GQQQ stock opened at $36.22 on Tuesday. The stock’s 50-day simple moving average is $32.51 and its 200-day simple moving average is $31.04. The firm has a market capitalization of $141.62 million, a PE ratio of 27.86 and a beta of 1.25. Astoria US Quality Growth Kings ETF has a fifty-two week low of $25.47 and a fifty-two week high of $36.32.

Astoria US Quality Growth Kings ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 30th were issued a $0.0429 dividend. This is a boost from Astoria US Quality Growth Kings ETF’s previous quarterly dividend of $0.04. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, March 30th.

About Astoria US Quality Growth Kings ETF

The Astoria US Quality Growth Kings ETF (GQQQ) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of 75 to 100 US companies exhibiting quality and growth characteristics. The fund uses a quantitative approach to stock selection GQQQ was launched on Oct 1, 2024 and is issued by Astoria.