Invesco QQQ Trust (QQQ) Sees Significant Increase in Short Interest

Invesco QQQ Trust (NASDAQ:QQQ) saw a significant growth in short interest during the month of September. As of September 14th, there was short interest totalling 67,439,987 shares, a growth of 14.4% from the August 31st total of 58,961,003 shares. Currently, 17.1% of the company’s shares are sold short. Based on an average trading volume of 35,468,517 shares, the days-to-cover ratio is currently 1.9 days.

Shares of NASDAQ:QQQ opened at $184.27 on Thursday. Invesco QQQ Trust has a 12 month low of $143.57 and a 12 month high of $187.52.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Tuesday, September 25th will be paid a dividend of $0.3298 per share. The ex-dividend date is Monday, September 24th. This represents a $1.32 annualized dividend and a yield of 0.72%.

A number of large investors have recently made changes to their positions in QQQ. Maple Capital Management Inc. grew its stake in shares of Invesco QQQ Trust by 19.0% in the first quarter. Maple Capital Management Inc. now owns 2,916 shares of the exchange traded fund’s stock valued at $467,000 after buying an additional 465 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Invesco QQQ Trust by 6.5% in the second quarter. Oppenheimer & Co. Inc. now owns 209,072 shares of the exchange traded fund’s stock valued at $35,888,000 after buying an additional 12,837 shares in the last quarter. North Star Investment Management Corp. grew its stake in shares of Invesco QQQ Trust by 70.1% in the second quarter. North Star Investment Management Corp. now owns 4,942 shares of the exchange traded fund’s stock valued at $848,000 after buying an additional 2,036 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco QQQ Trust by 7.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,477,438 shares of the exchange traded fund’s stock valued at $253,613,000 after buying an additional 101,264 shares in the last quarter. Finally, Sfmg LLC grew its stake in shares of Invesco QQQ Trust by 1.1% in the second quarter. Sfmg LLC now owns 220,820 shares of the exchange traded fund’s stock valued at $37,904,000 after buying an additional 2,330 shares in the last quarter. Institutional investors own 40.16% of the company’s stock.

Invesco QQQ Trust Company Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

Further Reading: Risk Tolerance

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