Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Short Interest Update

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 20,300 shares, a growth of 67.8% from the August 31st total of 12,100 shares. Based on an average trading volume of 65,200 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 65,200 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Osaic Holdings Inc. raised its holdings in shares of Invesco QQQ Income Advantage ETF by 235.4% during the second quarter. Osaic Holdings Inc. now owns 1,677 shares of the company’s stock valued at $84,000 after purchasing an additional 1,177 shares during the last quarter. Cerity Partners LLC purchased a new position in Invesco QQQ Income Advantage ETF during the second quarter valued at $201,000. Brookstone Capital Management bought a new position in Invesco QQQ Income Advantage ETF during the second quarter valued at $240,000. IFG Advisory LLC bought a new position in Invesco QQQ Income Advantage ETF during the second quarter valued at $289,000. Finally, Stratos Wealth Partners LTD. bought a new stake in shares of Invesco QQQ Income Advantage ETF in the 2nd quarter worth about $297,000.

Invesco QQQ Income Advantage ETF Trading Down 0.4%

Shares of QQA opened at $52.90 on Wednesday. The firm’s 50-day moving average price is $51.72 and its 200-day moving average price is $49.09. The firm has a market capitalization of $385.11 million and a price-to-earnings ratio of 31.47. Invesco QQQ Income Advantage ETF has a 1-year low of $39.86 and a 1-year high of $53.28.

Invesco QQQ Income Advantage ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were paid a dividend of $0.4536 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a c) annualized dividend and a yield of 10.3%.

Invesco QQQ Income Advantage ETF Company Profile

The Invesco QQQ Income Advantage ETF (QQA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, fund-of-funds, that utilizes equity securities and ETFs to mirror the NASDAQ-100 Index. The fund also employs an options-based income strategy with equity-linked notes (ELNs) for upside participation and downside protection QQA was launched on Jul 17, 2024 and is issued by Invesco.