Defiance Nasdaq 100 Weekly Distribution ETF (QQQY) closed at $21.74 on October 21, 2026, up 0.8% from the previous close, on volume of 76,742 shares (30-day average 95,764).
Data as of October 21, 2026.
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The Fund is an actively managed exchange-traded fund ("ETF") that primarily seeks to generate cash distributions from options premiums. The Fund's strategy involves holding shares of unaffiliated passively managed ETFs that seek to track the performance of the Index ("Index ETFs") and selling daily credit call spreads on the Index. Rather than purchasing shares of Index ETFs directly, the Fund creates synthetic exposure by combining long call options with short put options on the Index or Index ETFs. Together, these positions are designed to replicate the price movements of the Index, subject to limits on potential gains created by the sale (writing) of options. The Fund has also established a target annual cash distribution level of approximately 30% of its net asset value (the "Annual 30% Target"). In practice, the Fund's options strategies are designed to seek monthly distribution levels of roughly 2.5%, which, when annualized, correspond to the Annual 30% Target. The Fund aims for consistent distribution levels, primarily relying on the options premiums generated from selling the call spreads.
Defiance Nasdaq 100 Weekly Distribution ETF trades on the NASDAQ stock market under the symbol QQQY.
As of October 21, 2026, QQQY stock price climbed to $21.74 with 76,742 million shares trading.
QQQY has a beta of 1.26, meaning it tends to be more sensitive to market movements. QQQY has a correlation of 0.79 to the broad based SPY ETF.
QQQY has a market cap of $188.23 million. This is considered a Micro Cap stock.
In the last 3 years, QQQY traded as high as $55.98 and as low as $19.92.
QQQY has underperformed the market in the last year with a price return of +15.7% while the SPY ETF gained +16.3%. However, in the short term, QQQY had mixed performance relative to the market. It has outperformed in the last 3 months, returning +4.6% vs +4.4% return in SPY. But in the last 2 weeks, QQQY shares have been beat by the market, returning -4.1% compared to an SPY return of -0.8%.
QQQY support price is $21.35 and resistance is $21.79 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that QQQY shares will trade within this expected range on the day.
