Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Sees Large Increase in Short Interest

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 84,000 shares, a growth of 38.4% from the April 30th total of 60,700 shares. Based on an average daily trading volume, of 113,400 shares, the short-interest ratio is presently 0.7 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. AE Wealth Management LLC raised its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 507.4% during the first quarter. AE Wealth Management LLC now owns 905 shares of the company’s stock valued at $26,000 after purchasing an additional 756 shares during the period. GPS Wealth Strategies Group LLC raised its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 67.0% during the first quarter. GPS Wealth Strategies Group LLC now owns 962 shares of the company’s stock valued at $28,000 after purchasing an additional 386 shares during the period. Financial Life Planners purchased a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the fourth quarter valued at approximately $30,000. Aptus Capital Advisors LLC raised its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 221.4% during the fourth quarter. Aptus Capital Advisors LLC now owns 1,877 shares of the company’s stock valued at $58,000 after purchasing an additional 1,293 shares during the period. Finally, National Bank of Canada FI raised its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 304.3% during the fourth quarter. National Bank of Canada FI now owns 2,080 shares of the company’s stock valued at $64,000 after purchasing an additional 3,098 shares during the period.

Invesco NASDAQ Next Gen 100 ETF Stock Performance

NASDAQ QQQJ opened at $31.22 on Wednesday. Invesco NASDAQ Next Gen 100 ETF has a one year low of $24.89 and a one year high of $32.99. The company’s 50 day moving average price is $29.03 and its 200 day moving average price is $30.60. The firm has a market capitalization of $622.53 million, a price-to-earnings ratio of 20.53 and a beta of 1.10.

Invesco NASDAQ Next Gen 100 ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a $0.0454 dividend. This is a positive change from Invesco NASDAQ Next Gen 100 ETF’s previous dividend of $0.04. The ex-dividend date of this dividend was Monday, March 24th.

About Invesco NASDAQ Next Gen 100 ETF

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.