Short Interest in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Drops By 76.9%

Invesco NASDAQ 100 ETF (NASDAQ:QQQMGet Free Report) was the recipient of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 263,300 shares, a decrease of 76.9% from the January 31st total of 1,140,000 shares. Based on an average daily trading volume, of 1,658,500 shares, the days-to-cover ratio is presently 0.2 days.

Invesco NASDAQ 100 ETF Stock Down 0.5 %

Invesco NASDAQ 100 ETF stock traded down $0.97 during midday trading on Wednesday, reaching $179.19. The company’s stock had a trading volume of 1,591,163 shares, compared to its average volume of 1,823,181. The company has a market cap of $21.69 billion, a P/E ratio of 21.58 and a beta of 1.18. The business has a 50-day simple moving average of $172.62 and a 200-day simple moving average of $160.18. Invesco NASDAQ 100 ETF has a fifty-two week low of $117.35 and a fifty-two week high of $181.38.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Tuesday, December 19th were given a dividend of $0.3807 per share. This represents a $1.52 annualized dividend and a dividend yield of 0.85%. The ex-dividend date was Monday, December 18th.

Hedge Funds Weigh In On Invesco NASDAQ 100 ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. raised its holdings in Invesco NASDAQ 100 ETF by 193.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 986,492 shares of the company’s stock worth $146,958,000 after purchasing an additional 650,217 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Invesco NASDAQ 100 ETF during the 1st quarter worth $72,000. Cetera Investment Advisers lifted its position in Invesco NASDAQ 100 ETF by 52.6% in the first quarter. Cetera Investment Advisers now owns 3,826 shares of the company’s stock valued at $570,000 after acquiring an additional 1,319 shares during the last quarter. Merit Financial Group LLC acquired a new position in Invesco NASDAQ 100 ETF in the first quarter valued at $778,000. Finally, NewEdge Advisors LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the first quarter worth about $1,527,000.

Invesco NASDAQ 100 ETF Company Profile

(Get Free Report)

The Invesco NASDAQ 100 ETF (QQQM) is an exchange-traded fund that is based on the NASDAQ-100 index. The fund is passively managed to track a modified-market-cap weighted narrow index of 100 NASDAQ-listed stocks, excluding financials. QQQM was launched on Oct 13, 2020 and is managed by Invesco.

Read More

Receive News & Ratings for Invesco NASDAQ 100 ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco NASDAQ 100 ETF and related companies with MarketBeat.com's FREE daily email newsletter.