Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Sees Large Decline in Short Interest

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) was the recipient of a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 719,900 shares, a decrease of 50.7% from the May 15th total of 1,460,000 shares. Based on an average daily volume of 3,228,500 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Trading of Invesco NASDAQ 100 ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Optima Capital LLC increased its stake in Invesco NASDAQ 100 ETF by 36.4% in the 1st quarter. Optima Capital LLC now owns 2,644 shares of the company’s stock worth $510,000 after acquiring an additional 706 shares during the last quarter. Compass Financial Services Inc grew its stake in shares of Invesco NASDAQ 100 ETF by 5.4% in the 1st quarter. Compass Financial Services Inc now owns 55,559 shares of the company’s stock worth $10,724,000 after buying an additional 2,845 shares in the last quarter. Invst LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 9.5% in the 1st quarter. Invst LLC now owns 11,563 shares of the company’s stock worth $2,232,000 after buying an additional 1,002 shares during the last quarter. Modern Wealth Management LLC raised its position in shares of Invesco NASDAQ 100 ETF by 0.6% during the 1st quarter. Modern Wealth Management LLC now owns 31,492 shares of the company’s stock valued at $6,079,000 after buying an additional 200 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Invesco NASDAQ 100 ETF by 48.1% in the 1st quarter. Jones Financial Companies Lllp now owns 1,262,644 shares of the company’s stock valued at $243,791,000 after acquiring an additional 410,340 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Up 1.4%

QQQM traded up $3.05 during trading on Monday, hitting $219.99. The company’s stock had a trading volume of 2,326,337 shares, compared to its average volume of 2,343,368. The business’s 50 day simple moving average is $202.80 and its 200-day simple moving average is $206.98. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $222.64. The firm has a market cap of $46.93 billion, a PE ratio of 32.67 and a beta of 1.18.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.