Invesco Top QQQ ETF (NASDAQ:QBIG) Short Interest Down 19.9% in March

Invesco Top QQQ ETF (NASDAQ:QBIG) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 6,729 shares, a decline of 19.9% from the February 26th total of 8,404 shares. Based on an average trading volume of 8,726 shares, the short-interest ratio is currently 0.8 days. Currently, 0.6% of the shares of the stock are short sold.

Invesco Top QQQ ETF Stock Performance

NASDAQ:QBIG opened at $32.93 on Monday. Invesco Top QQQ ETF has a 12-month low of $22.39 and a 12-month high of $40.70. The stock has a 50-day moving average price of $36.27 and a 200 day moving average price of $37.72. The stock has a market capitalization of $37.87 million, a P/E ratio of 36.25 and a beta of 1.59.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QBIG. Geneos Wealth Management Inc. bought a new stake in shares of Invesco Top QQQ ETF during the third quarter valued at approximately $648,000. Jane Street Group LLC boosted its position in shares of Invesco Top QQQ ETF by 11.9% during the first quarter. Jane Street Group LLC now owns 19,730 shares of the company’s stock worth $521,000 after acquiring an additional 2,103 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Invesco Top QQQ ETF by 3,833.0% during the second quarter. Bank of America Corp DE now owns 3,933 shares of the company’s stock worth $129,000 after acquiring an additional 3,833 shares during the last quarter. ATX Financial Planning LLC purchased a new position in Invesco Top QQQ ETF during the fourth quarter valued at $1,344,000. Finally, Financial & Tax Architects LLC purchased a new position in Invesco Top QQQ ETF during the fourth quarter valued at $275,000.

About Invesco Top QQQ ETF

The Invesco Top QQQ ETF (QBIG) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide exposure to the top 45% of the Nasdaq-100 based on market cap. This is achieved through direct equity investment and utilizing total return swaps on the equities. QBIG was launched on Dec 4, 2024 and is issued by Invesco.