Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) Short Interest Down 80.0% in May

Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 400 shares, a drop of 80.0% from the April 30th total of 2,000 shares. Based on an average daily volume of 3,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Invesco Nasdaq Free Cash Flow Achievers ETF Stock Performance

Invesco Nasdaq Free Cash Flow Achievers ETF stock opened at $33.63 on Friday. Invesco Nasdaq Free Cash Flow Achievers ETF has a 52 week low of $27.10 and a 52 week high of $35.47. The firm has a market capitalization of $15.47 million, a PE ratio of 34.23 and a beta of 1.34. The business’s 50-day simple moving average is $31.50 and its 200-day simple moving average is $33.06.

Invesco Nasdaq Free Cash Flow Achievers ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a $0.0298 dividend. The ex-dividend date was Monday, March 24th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Onyx Bridge Wealth Group LLC raised its stake in Invesco Nasdaq Free Cash Flow Achievers ETF by 30.9% during the 4th quarter. Onyx Bridge Wealth Group LLC now owns 118,994 shares of the company’s stock valued at $3,986,000 after purchasing an additional 28,123 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new position in shares of Invesco Nasdaq Free Cash Flow Achievers ETF during the fourth quarter valued at about $581,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Invesco Nasdaq Free Cash Flow Achievers ETF by 11.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 113,695 shares of the company’s stock valued at $3,559,000 after buying an additional 11,963 shares during the last quarter.

Invesco Nasdaq Free Cash Flow Achievers ETF Company Profile

The Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) is an exchange-traded fund that is based on the Nasdaq US Free Cash Flow Achievers index. The fund is passively managed, tracking an index composed of US-listed companies that are perceived to have strong free cash flow and show consistent growth.