Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) Short Interest Up 656.5% in May

Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 469 shares, an increase of 656.5% from the April 30th total of 62 shares. Based on an average daily trading volume, of 2,029 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Invesco Nasdaq Free Cash Flow Achievers ETF Stock Up 1.8%

NASDAQ QOWZ traded up $0.60 during midday trading on Friday, hitting $34.82. The company had a trading volume of 1,576 shares, compared to its average volume of 2,620. The firm has a fifty day simple moving average of $32.90 and a two-hundred day simple moving average of $34.26. Invesco Nasdaq Free Cash Flow Achievers ETF has a fifty-two week low of $30.58 and a fifty-two week high of $37.26. The stock has a market cap of $13.93 million, a price-to-earnings ratio of 36.92 and a beta of 0.98.

Invesco Nasdaq Free Cash Flow Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.0226 per share. This represents a $0.09 dividend on an annualized basis and a yield of 0.3%. This is a boost from Invesco Nasdaq Free Cash Flow Achievers ETF’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Monday, March 23rd.

Hedge Funds Weigh In On Invesco Nasdaq Free Cash Flow Achievers ETF

A hedge fund recently bought a new stake in Invesco Nasdaq Free Cash Flow Achievers ETF stock. Concurrent Investment Advisors LLC purchased a new stake in Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,672 shares of the company’s stock, valued at approximately $275,000. Concurrent Investment Advisors LLC owned approximately 1.92% of Invesco Nasdaq Free Cash Flow Achievers ETF as of its most recent SEC filing.

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. QOWZ was launched on Dec 6, 2023 and is issued by Invesco.