Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) Sees Significant Increase in Short Interest

Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 96,528 shares, a growth of 72.7% from the May 14th total of 55,894 shares. Approximately 2.4% of the shares of the company are short sold. Based on an average daily trading volume, of 15,682 shares, the days-to-cover ratio is currently 6.2 days.

Invesco ESG NASDAQ 100 ETF Stock Up 3.2%

Invesco ESG NASDAQ 100 ETF stock traded up $1.60 on Monday, hitting $51.58. The company’s stock had a trading volume of 43,109 shares, compared to its average volume of 24,692. The company has a fifty day moving average price of $46.99 and a 200-day moving average price of $43.71. Invesco ESG NASDAQ 100 ETF has a one year low of $35.84 and a one year high of $51.93. The firm has a market cap of $211.48 million, a P/E ratio of 34.79 and a beta of 1.24.

Invesco ESG NASDAQ 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a $0.0436 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.17 annualized dividend and a dividend yield of 0.3%.

Institutional Investors Weigh In On Invesco ESG NASDAQ 100 ETF

Several large investors have recently made changes to their positions in QQMG. Cetera Investment Advisers bought a new stake in shares of Invesco ESG NASDAQ 100 ETF in the 2nd quarter worth about $268,000. Bank of America Corp DE grew its holdings in Invesco ESG NASDAQ 100 ETF by 2.0% during the 2nd quarter. Bank of America Corp DE now owns 18,500 shares of the company’s stock worth $700,000 after acquiring an additional 360 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Invesco ESG NASDAQ 100 ETF by 108.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 19,237 shares of the company’s stock worth $728,000 after acquiring an additional 10,024 shares during the last quarter. Hill Island Financial LLC grew its holdings in Invesco ESG NASDAQ 100 ETF by 34.9% during the 3rd quarter. Hill Island Financial LLC now owns 13,902 shares of the company’s stock worth $575,000 after acquiring an additional 3,598 shares during the last quarter. Finally, Axxcess Wealth Management LLC bought a new stake in Invesco ESG NASDAQ 100 ETF during the 3rd quarter worth about $228,000.

About Invesco ESG NASDAQ 100 ETF

The Invesco ESG NASDAQ 100 ETF (QQMG) is an exchange-traded fund that is based on the NASDAQ-100 ESG index. The fund tracks an index of NASDAQ-100 stocks screened and weighted based on various environmental, social, and governance criteria. QQMG was launched on Oct 27, 2021 and is managed by Invesco.