Short Interest in Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) Drops By 16.6%

Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 41,343 shares, a decrease of 16.6% from the February 26th total of 49,554 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average trading volume of 16,866 shares, the short-interest ratio is currently 2.5 days.

Hedge Funds Weigh In On Invesco ESG NASDAQ 100 ETF

A number of institutional investors and hedge funds have recently made changes to their positions in QQMG. Sonoma Allocations LLC increased its holdings in shares of Invesco ESG NASDAQ 100 ETF by 74.0% in the 4th quarter. Sonoma Allocations LLC now owns 18,805 shares of the company’s stock worth $811,000 after buying an additional 7,997 shares during the last quarter. Mcguire Capital Advisors Inc. purchased a new stake in shares of Invesco ESG NASDAQ 100 ETF during the 4th quarter valued at about $57,000. Onyx Bridge Wealth Group LLC lifted its holdings in shares of Invesco ESG NASDAQ 100 ETF by 1.2% in the 4th quarter. Onyx Bridge Wealth Group LLC now owns 27,419 shares of the company’s stock valued at $1,162,000 after acquiring an additional 313 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Invesco ESG NASDAQ 100 ETF in the 4th quarter valued at about $259,000. Finally, Gerber Kawasaki Wealth & Investment Management purchased a new position in Invesco ESG NASDAQ 100 ETF in the fourth quarter worth about $313,000.

Invesco ESG NASDAQ 100 ETF Stock Performance

QQMG stock opened at $38.50 on Monday. The firm has a fifty day moving average price of $41.51 and a 200 day moving average price of $41.92. Invesco ESG NASDAQ 100 ETF has a fifty-two week low of $27.34 and a fifty-two week high of $44.04. The firm has a market cap of $161.70 million, a PE ratio of 34.79 and a beta of 1.19.

Invesco ESG NASDAQ 100 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.0436 per share. The ex-dividend date was Monday, March 23rd. This represents a $0.17 annualized dividend and a yield of 0.5%.

About Invesco ESG NASDAQ 100 ETF

The Invesco ESG NASDAQ 100 ETF (QQMG) is an exchange-traded fund that is based on the NASDAQ-100 ESG index. The fund tracks an index of NASDAQ-100 stocks screened and weighted based on various environmental, social, and governance criteria. QQMG was launched on Oct 27, 2021 and is managed by Invesco.