Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Short Interest Update

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 317,877 shares, a growth of 75.1% from the August 15th total of 181,518 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 148,307 shares, the days-to-cover ratio is currently 2.1 days.

Invesco NASDAQ Next Gen 100 ETF Trading Down 0.8%

Shares of Invesco NASDAQ Next Gen 100 ETF stock opened at $44.24 on Friday. The firm’s 50-day moving average price is $44.97 and its two-hundred day moving average price is $42.42. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 22.27 and a beta of 1.13. Invesco NASDAQ Next Gen 100 ETF has a 1-year low of $34.39 and a 1-year high of $46.94.

Institutional Trading of Invesco NASDAQ Next Gen 100 ETF

A number of hedge funds have recently modified their holdings of the company. Systelligence LLC lifted its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 21.2% during the 1st quarter. Systelligence LLC now owns 590,730 shares of the company’s stock valued at $21,390,000 after purchasing an additional 103,260 shares in the last quarter. Retirement Financial Solutions LLC raised its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 2.7% in the 1st quarter. Retirement Financial Solutions LLC now owns 455,769 shares of the company’s stock valued at $16,503,000 after purchasing an additional 11,845 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Invesco NASDAQ Next Gen 100 ETF by 3,437.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 428,631 shares of the company’s stock valued at $15,795,000 after buying an additional 416,514 shares during the period. Royal Bank of Canada lifted its holdings in Invesco NASDAQ Next Gen 100 ETF by 62.5% during the 1st quarter. Royal Bank of Canada now owns 125,398 shares of the company’s stock valued at $4,541,000 after purchasing an additional 48,220 shares during the last quarter. Finally, UBS Group AG boosted its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 116.3% during the 4th quarter. UBS Group AG now owns 106,391 shares of the company’s stock worth $3,921,000 after buying an additional 57,195 shares during the period.

About Invesco NASDAQ Next Gen 100 ETF

The Invesco NASDAQ Next Gen 100 ETF (QQQJ) is an exchange-traded fund that is based on the Nasdaq Next Generation 100 index, a modified market-cap-weighted, narrow index of 100 non-financial stocks that are next-eligible for inclusion in the NASDAQ-100 Index. QQQJ was launched on Oct 13, 2020 and is issued by Invesco.