Short Interest in Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Expands By 111.6%

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 76,655 shares, a growth of 111.6% from the April 15th total of 36,227 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 120,123 shares, the days-to-cover ratio is currently 0.6 days.

Invesco QQQ Income Advantage ETF Stock Performance

Shares of Invesco QQQ Income Advantage ETF stock opened at $56.63 on Friday. The firm’s 50-day simple moving average is $52.75 and its 200-day simple moving average is $52.98. Invesco QQQ Income Advantage ETF has a twelve month low of $46.85 and a twelve month high of $57.33. The firm has a market cap of $695.42 million, a P/E ratio of 31.47 and a beta of 0.90.

Invesco QQQ Income Advantage ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, April 24th. Shareholders of record on Monday, April 20th were issued a dividend of $0.4635 per share. This represents a c) dividend on an annualized basis and a yield of 9.8%. The ex-dividend date of this dividend was Monday, April 20th.

Institutional Investors Weigh In On Invesco QQQ Income Advantage ETF

Several large investors have recently modified their holdings of QQA. Foundations Investment Advisors LLC lifted its position in shares of Invesco QQQ Income Advantage ETF by 4.4% during the 3rd quarter. Foundations Investment Advisors LLC now owns 7,012 shares of the company’s stock worth $369,000 after buying an additional 298 shares during the period. Kestra Advisory Services LLC grew its position in Invesco QQQ Income Advantage ETF by 4.4% in the first quarter. Kestra Advisory Services LLC now owns 10,625 shares of the company’s stock valued at $530,000 after acquiring an additional 448 shares during the period. Advisory Services Network LLC acquired a new position in Invesco QQQ Income Advantage ETF during the third quarter worth $25,000. NewEdge Advisors LLC bought a new position in shares of Invesco QQQ Income Advantage ETF during the fourth quarter valued at $29,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Invesco QQQ Income Advantage ETF by 6.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 11,150 shares of the company’s stock valued at $591,000 after acquiring an additional 650 shares during the period.

Invesco QQQ Income Advantage ETF Company Profile

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.