Short Interest in Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Decreases By 46.5%

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJGet Rating) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totalling 172,200 shares, a decline of 46.5% from the April 15th total of 322,000 shares. Based on an average daily volume of 312,500 shares, the short-interest ratio is currently 0.6 days.

QQQJ stock opened at $23.60 on Friday. The firm’s 50-day moving average price is $27.54 and its two-hundred day moving average price is $30.61. Invesco NASDAQ Next Gen 100 ETF has a 12-month low of $22.83 and a 12-month high of $36.24.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Tuesday, March 22nd were given a $0.028 dividend. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend was Monday, March 21st.

Several hedge funds have recently added to or reduced their stakes in QQQJ. Goldman Sachs Group Inc. increased its position in shares of Invesco NASDAQ Next Gen 100 ETF by 248.9% in the third quarter. Goldman Sachs Group Inc. now owns 1,122,053 shares of the company’s stock valued at $37,084,000 after acquiring an additional 800,428 shares during the period. Trilogy Capital Inc. purchased a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the first quarter valued at about $22,488,000. Morgan Stanley increased its position in shares of Invesco NASDAQ Next Gen 100 ETF by 277.7% during the second quarter. Morgan Stanley now owns 777,544 shares of the company’s stock valued at $26,755,000 after buying an additional 571,667 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco NASDAQ Next Gen 100 ETF by 1,500.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 240,226 shares of the company’s stock valued at $8,064,000 after buying an additional 225,220 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Invesco NASDAQ Next Gen 100 ETF by 22.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 963,569 shares of the company’s stock valued at $32,347,000 after buying an additional 177,127 shares during the period.

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