Invesco Top QQQ ETF (NASDAQ:QBIG) Short Interest Down 62.5% in June

Invesco Top QQQ ETF (NASDAQ:QBIG) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 1,498 shares, a decrease of 62.5% from the June 15th total of 3,996 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 6,128 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Invesco Top QQQ ETF

Several hedge funds have recently bought and sold shares of the stock. ATX Financial Planning LLC grew its holdings in shares of Invesco Top QQQ ETF by 17.6% during the first quarter. ATX Financial Planning LLC now owns 41,084 shares of the company’s stock worth $1,400,000 after buying an additional 6,158 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Invesco Top QQQ ETF by 2.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 17,561 shares of the company’s stock valued at $676,000 after acquiring an additional 404 shares in the last quarter. Financial & Tax Architects LLC acquired a new position in Invesco Top QQQ ETF during the 4th quarter worth approximately $275,000. Bank of America Corp DE boosted its position in Invesco Top QQQ ETF by 3,833.0% during the 2nd quarter. Bank of America Corp DE now owns 3,933 shares of the company’s stock worth $129,000 after acquiring an additional 3,833 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Invesco Top QQQ ETF by 10.0% during the 2nd quarter. Jane Street Group LLC now owns 21,705 shares of the company’s stock worth $709,000 after acquiring an additional 1,975 shares in the last quarter.

Invesco Top QQQ ETF Price Performance

QBIG traded up $0.48 during mid-day trading on Tuesday, hitting $40.27. The stock had a trading volume of 2,099 shares, compared to its average volume of 7,126. The stock’s fifty day simple moving average is $40.64 and its 200-day simple moving average is $38.25. The firm has a market capitalization of $34.23 million, a price-to-earnings ratio of 36.25 and a beta of 1.75. Invesco Top QQQ ETF has a 1-year low of $32.67 and a 1-year high of $43.36.

About Invesco Top QQQ ETF

The Invesco Top QQQ ETF (QBIG) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide exposure to the top 45% of the Nasdaq-100 based on market cap. This is achieved through direct equity investment and utilizing total return swaps on the equities. QBIG was launched on Dec 4, 2024 and is issued by Invesco.