Short Interest in Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Decreases By 85.3%

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 4,118 shares, a decrease of 85.3% from the January 29th total of 28,069 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 111,684 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 111,684 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On Invesco QQQ Income Advantage ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada grew its stake in shares of Invesco QQQ Income Advantage ETF by 83.2% during the first quarter. Royal Bank of Canada now owns 9,228 shares of the company’s stock valued at $423,000 after purchasing an additional 4,192 shares during the last quarter. Jane Street Group LLC lifted its holdings in Invesco QQQ Income Advantage ETF by 18.7% during the 1st quarter. Jane Street Group LLC now owns 43,396 shares of the company’s stock worth $1,990,000 after buying an additional 6,849 shares in the last quarter. Brookstone Capital Management acquired a new position in Invesco QQQ Income Advantage ETF during the 2nd quarter worth $240,000. IFG Advisory LLC bought a new position in Invesco QQQ Income Advantage ETF in the 2nd quarter valued at $289,000. Finally, Foundations Investment Advisors LLC acquired a new stake in shares of Invesco QQQ Income Advantage ETF in the 2nd quarter valued at $337,000.

Invesco QQQ Income Advantage ETF Stock Down 0.2%

Shares of NASDAQ:QQA traded down $0.09 during trading on Friday, reaching $52.10. The stock had a trading volume of 193,429 shares, compared to its average volume of 113,093. The stock has a fifty day simple moving average of $53.03 and a two-hundred day simple moving average of $52.76. The firm has a market capitalization of $525.17 million, a price-to-earnings ratio of 31.47 and a beta of 0.87. Invesco QQQ Income Advantage ETF has a 52 week low of $39.86 and a 52 week high of $54.87.

Invesco QQQ Income Advantage ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, February 27th. Investors of record on Monday, February 23rd will be paid a $0.4511 dividend. The ex-dividend date is Monday, February 23rd.

About Invesco QQQ Income Advantage ETF

The Invesco QQQ Income Advantage ETF (QQA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, fund-of-funds, that utilizes equity securities and ETFs to mirror the NASDAQ-100 Index. The fund also employs an options-based income strategy with equity-linked notes (ELNs) for upside participation and downside protection QQA was launched on Jul 17, 2024 and is issued by Invesco.