Short Interest in Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Declines By 25.5%

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJGet Free Report) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 39,200 shares, a decline of 25.5% from the April 30th total of 52,600 shares. Based on an average daily trading volume, of 101,000 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Invesco NASDAQ Next Gen 100 ETF

Several institutional investors have recently modified their holdings of QQQJ. International Assets Investment Management LLC acquired a new position in shares of Invesco NASDAQ Next Gen 100 ETF in the 4th quarter valued at $5,555,000. Trilogy Capital Inc. acquired a new position in shares of Invesco NASDAQ Next Gen 100 ETF in the 4th quarter valued at $2,969,000. Brookstone Capital Management increased its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 124.5% in the 1st quarter. Brookstone Capital Management now owns 112,508 shares of the company’s stock valued at $3,253,000 after acquiring an additional 62,396 shares during the period. Spirepoint Private Client LLC acquired a new position in shares of Invesco NASDAQ Next Gen 100 ETF in the 1st quarter valued at $1,024,000. Finally, Gerber LLC acquired a new position in shares of Invesco NASDAQ Next Gen 100 ETF in the 4th quarter valued at $870,000.

Invesco NASDAQ Next Gen 100 ETF Trading Down 1.1 %

Shares of NASDAQ:QQQJ opened at $27.62 on Thursday. The company has a market capitalization of $669.23 million, a PE ratio of 21.16 and a beta of 1.10. Invesco NASDAQ Next Gen 100 ETF has a twelve month low of $22.66 and a twelve month high of $29.29. The firm has a 50 day simple moving average of $27.94 and a 200-day simple moving average of $27.16.

Invesco NASDAQ Next Gen 100 ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were given a dividend of $0.0683 per share. The ex-dividend date was Monday, March 18th. This represents a $0.27 annualized dividend and a dividend yield of 0.99%.

About Invesco NASDAQ Next Gen 100 ETF

(Get Free Report)

The Invesco NASDAQ Next Gen 100 ETF (QQQJ) is an exchange-traded fund that is based on the Nasdaq Next Generation 100 index, a modified market-cap-weighted, narrow index of 100 non-financial stocks that are next-eligible for inclusion in the NASDAQ-100 Index. QQQJ was launched on Oct 13, 2020 and is issued by Invesco.

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