Short Interest in Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Rises By 87.2%

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 67,200 shares, a growth of 87.2% from the January 15th total of 35,900 shares. Based on an average daily volume of 102,400 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On Invesco NASDAQ Next Gen 100 ETF

A number of institutional investors have recently made changes to their positions in QQQJ. Financial Life Planners acquired a new position in Invesco NASDAQ Next Gen 100 ETF during the 4th quarter valued at approximately $30,000. National Bank of Canada FI boosted its position in Invesco NASDAQ Next Gen 100 ETF by 304.3% during the 4th quarter. National Bank of Canada FI now owns 2,080 shares of the company’s stock valued at $64,000 after purchasing an additional 3,098 shares during the period. Modus Advisors LLC acquired a new position in Invesco NASDAQ Next Gen 100 ETF during the 4th quarter valued at approximately $87,000. Topsail Wealth Management LLC acquired a new position in Invesco NASDAQ Next Gen 100 ETF during the 4th quarter valued at approximately $93,000. Finally, SBI Securities Co. Ltd. acquired a new position in Invesco NASDAQ Next Gen 100 ETF during the 4th quarter valued at approximately $169,000.

Invesco NASDAQ Next Gen 100 ETF Trading Up 0.5 %

QQQJ stock traded up $0.17 during midday trading on Friday, hitting $32.66. 58,432 shares of the company’s stock were exchanged, compared to its average volume of 103,024. Invesco NASDAQ Next Gen 100 ETF has a 12-month low of $26.23 and a 12-month high of $32.95. The firm has a 50 day moving average price of $31.85 and a 200-day moving average price of $30.52. The stock has a market capitalization of $686.51 million, a price-to-earnings ratio of 21.16 and a beta of 1.10.

Invesco NASDAQ Next Gen 100 ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued a $0.0353 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco NASDAQ Next Gen 100 ETF Company Profile

The Invesco NASDAQ Next Gen 100 ETF (QQQJ) is an exchange-traded fund that is based on the Nasdaq Next Generation 100 index, a modified market-cap-weighted, narrow index of 100 non-financial stocks that are next-eligible for inclusion in the NASDAQ-100 Index. QQQJ was launched on Oct 13, 2020 and is issued by Invesco.