Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Short Interest Down 19.9% in February

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 533,600 shares, a decline of 19.9% from the February 13th total of 665,800 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 2,368,800 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Invesco NASDAQ 100 ETF

Several institutional investors and hedge funds have recently modified their holdings of QQQM. Assetmark Inc. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 60.8% in the 3rd quarter. Assetmark Inc. now owns 751 shares of the company’s stock valued at $151,000 after buying an additional 284 shares during the period. Sheaff Brock Investment Advisors LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $204,000. Mount Lucas Management LP lifted its holdings in shares of Invesco NASDAQ 100 ETF by 28.6% in the 3rd quarter. Mount Lucas Management LP now owns 10,158 shares of the company’s stock valued at $2,040,000 after buying an additional 2,259 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Invesco NASDAQ 100 ETF by 15.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 251,939 shares of the company’s stock valued at $50,602,000 after buying an additional 33,568 shares during the period. Finally, Theory Financial LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 32.2% in the 3rd quarter. Theory Financial LLC now owns 30,408 shares of the company’s stock valued at $6,055,000 after buying an additional 7,404 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

QQQM traded down $3.28 on Tuesday, reaching $195.48. 1,481,257 shares of the stock were exchanged, compared to its average volume of 1,941,387. The company’s 50-day moving average price is $211.65 and its 200 day moving average price is $207.54. Invesco NASDAQ 100 ETF has a fifty-two week low of $169.96 and a fifty-two week high of $222.64. The firm has a market capitalization of $38.82 billion, a PE ratio of 30.79 and a beta of 1.18.

Invesco NASDAQ 100 ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued a $0.3103 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco NASDAQ 100 ETF Company Profile

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 modified-market-cap weighted narrow index of 100 NASDAQ-listed stocks, excluding financials. QQQM was launched on Oct 13, 2020 and is managed by Invesco.