Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Short Interest Down 30.1% in September

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 94,600 shares, a decline of 30.1% from the August 31st total of 135,400 shares. Based on an average daily trading volume, of 86,300 shares, the short-interest ratio is presently 1.1 days. Based on an average daily trading volume, of 86,300 shares, the short-interest ratio is presently 1.1 days.

Invesco NASDAQ Next Gen 100 ETF Price Performance

QQQJ opened at $36.07 on Wednesday. The company has a market cap of $692.90 million, a price-to-earnings ratio of 22.27 and a beta of 1.10. The firm has a 50 day simple moving average of $34.87 and a 200 day simple moving average of $31.94. Invesco NASDAQ Next Gen 100 ETF has a fifty-two week low of $24.89 and a fifty-two week high of $36.76.

Invesco NASDAQ Next Gen 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were paid a dividend of $0.1145 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.3%. This is a positive change from Invesco NASDAQ Next Gen 100 ETF’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Monday, September 22nd.

Institutional Investors Weigh In On Invesco NASDAQ Next Gen 100 ETF

A number of institutional investors and hedge funds have recently modified their holdings of QQQJ. Jones Financial Companies Lllp raised its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 26.7% during the first quarter. Jones Financial Companies Lllp now owns 112,860 shares of the company’s stock worth $2,999,000 after buying an additional 23,758 shares during the last quarter. Purus Wealth Management LLC raised its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 25.7% during the second quarter. Purus Wealth Management LLC now owns 116,047 shares of the company’s stock worth $3,711,000 after buying an additional 23,716 shares during the last quarter. Texas Yale Capital Corp. increased its stake in Invesco NASDAQ Next Gen 100 ETF by 146.5% in the first quarter. Texas Yale Capital Corp. now owns 37,440 shares of the company’s stock valued at $1,086,000 after purchasing an additional 22,250 shares in the last quarter. Arkadios Wealth Advisors bought a new stake in Invesco NASDAQ Next Gen 100 ETF in the second quarter valued at approximately $612,000. Finally, Wealthcare Advisory Partners LLC increased its stake in Invesco NASDAQ Next Gen 100 ETF by 12.6% in the second quarter. Wealthcare Advisory Partners LLC now owns 151,578 shares of the company’s stock valued at $4,847,000 after purchasing an additional 16,913 shares in the last quarter.

Invesco NASDAQ Next Gen 100 ETF Company Profile

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.