Short Interest in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Expands By 19.3%

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 538,700 shares, a growth of 19.3% from the March 15th total of 451,500 shares. Based on an average trading volume of 2,849,400 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the shares of the company are sold short.

Hedge Funds Weigh In On Invesco NASDAQ 100 ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Financial Management Professionals Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter valued at about $25,000. Union Bancaire Privee UBP SA bought a new position in Invesco NASDAQ 100 ETF in the first quarter worth approximately $25,000. Kieckhefer Group LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth $32,000. Nemes Rush Group LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter valued at $32,000. Finally, Tucker Asset Management LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 122.0% in the 4th quarter. Tucker Asset Management LLC now owns 202 shares of the company’s stock worth $43,000 after purchasing an additional 111 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Down 2.4 %

Shares of NASDAQ QQQM traded down $4.46 during trading on Monday, reaching $178.40. 2,375,681 shares of the company traded hands, compared to its average volume of 2,125,891. The firm has a 50 day simple moving average of $198.68 and a 200-day simple moving average of $206.38. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $222.64. The stock has a market capitalization of $37.34 billion, a PE ratio of 30.31 and a beta of 1.18.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a dividend of $0.3176 per share. The ex-dividend date of this dividend was Monday, March 24th. This is a positive change from Invesco NASDAQ 100 ETF’s previous dividend of $0.31.

About Invesco NASDAQ 100 ETF

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.