Short interest in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) rises 19.7%

Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Get Free Report ) received a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 480,300 shares, up 19.7% from its August 31st total of 401,100 shares. Based on an average trading volume of 2,044,400 shares, the short interest rate is currently 0.2 days.

Institutional inputs and outputs

A number of hedge funds have recently bought and sold shares of the company. CFS Investment Advisory Services LLC grew its holdings in Invesco NASDAQ 100 ETF by 0.8% during the fourth quarter. CFS Investment Advisory Services LLC now owns 7,347 shares of the company’s stock worth $1,238,000 after acquiring an additional 57 shares during the period. Cutter & CO Brokerage Inc. grew its holdings in Invesco NASDAQ 100 ETF by 2.1% during the second quarter. Cutter & CO Brokerage Inc. now owns 3,164 shares of the company’s stock worth $624,000 after acquiring an additional 64 shares during the period. Marble Harbor Investment Counsel LLC boosted its holdings in Invesco NASDAQ 100 ETF by 1.2% in the second quarter. Marble Harbor Investment Counsel LLC now owns 5,801 shares of the company’s stock worth $1,143,000 after acquiring an additional 66 shares during the period. Madison Wealth Partners Inc raised its stake in Invesco NASDAQ 100 ETF by 1.6% in the first quarter. Madison Wealth Partners Inc now owns 4,510 shares of the company’s stock worth $824,000 after buying an additional 69 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in Invesco NASDAQ 100 ETF by 4.1% in the first quarter. Arkadios Wealth Advisors now owns 1,869 shares of the company’s stock worth $341,000 after purchasing an additional 74 shares in the last quarter.

Invesco NASDAQ 100 ETF trades down 0.6%

NASDAQ:QQQM traded down $1.12 during mid-day trading on Friday, hitting $200.32. 2,105,434 shares of the stock exchanged hands, compared to its average volume of 1,858,229. The company has a fifty day moving average price of $192.66 and a 200 day moving average price of $189.33. The firm has a market cap of $31.15 billion, a PE ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1-year low of $140.84 and a 1-year high of $207.24.

Invesco NASDAQ 100 ETF Cuts Dividends

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a dividend of $0.30 per share. This represents a dividend of $1.20 on an annualized basis and a yield of 0.60%. The ex-dividend date was Monday, September 23.

Invesco NASDAQ 100 ETF Company Profile

(Get a free report)

The Invesco NASDAQ 100 ETF (QQQM) is an exchange-traded fund that is based on the NASDAQ-100 index. The fund is passively managed to track a narrowly adjusted market capitalization weighted index of 100 NASDAQ-listed stocks, excluding financial instruments. QQQM was launched on 13 October 2020 and is managed by Invesco.

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