Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Short Interest Update

Invesco NASDAQ 100 ETF (NASDAQ:QQQMGet Free Report) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 1,460,000 shares, a decrease of 24.4% from the April 30th total of 1,930,000 shares. Based on an average daily trading volume, of 3,305,400 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.7% of the company’s shares are sold short.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM stock opened at $217.11 on Wednesday. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $222.64. The firm has a market cap of $46.32 billion, a PE ratio of 30.65 and a beta of 1.18. The company has a 50-day moving average of $197.53 and a two-hundred day moving average of $206.40.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a $0.3176 dividend. This is a positive change from Invesco NASDAQ 100 ETF’s previous dividend of $0.31. The ex-dividend date of this dividend was Monday, March 24th.

Hedge Funds Weigh In On Invesco NASDAQ 100 ETF

Hedge funds have recently made changes to their positions in the stock. Union Bancaire Privee UBP SA purchased a new position in shares of Invesco NASDAQ 100 ETF during the first quarter worth $25,000. Westwind Capital acquired a new position in Invesco NASDAQ 100 ETF during the 1st quarter worth about $27,000. NorthRock Partners LLC purchased a new position in Invesco NASDAQ 100 ETF during the 1st quarter valued at about $28,000. Crews Bank & Trust grew its position in Invesco NASDAQ 100 ETF by 328.6% in the 1st quarter. Crews Bank & Trust now owns 150 shares of the company’s stock valued at $29,000 after acquiring an additional 115 shares in the last quarter. Finally, Nemes Rush Group LLC acquired a new position in Invesco NASDAQ 100 ETF in the 4th quarter valued at about $32,000.

About Invesco NASDAQ 100 ETF

(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.

Further Reading

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