Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ) Shares Shorted: Short Interest Down 40.6% in September

Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 34,199 shares, a drop of 40.6% from the September 15th total of 57,529 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily volume of 40,379 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of IBBQ. Ascentis Independent Advisors bought a new position in Invesco Nasdaq Biotechnology ETF in the 1st quarter valued at $31,000. Breakwater Capital Group purchased a new position in shares of Invesco Nasdaq Biotechnology ETF during the 1st quarter valued at $200,000. Valeo Financial Advisors LLC purchased a new position in shares of Invesco Nasdaq Biotechnology ETF during the 3rd quarter valued at $296,000. Finally, WMS Group LLC purchased a new position in shares of Invesco Nasdaq Biotechnology ETF during the 4th quarter valued at $4,255,000.

Invesco Nasdaq Biotechnology ETF Price Performance

Shares of IBBQ traded down $0.94 during trading hours on Friday, hitting $33.72. The company’s stock had a trading volume of 17,878 shares, compared to its average volume of 31,318. The business has a 50 day simple moving average of $34.96 and a two-hundred day simple moving average of $32.12. Invesco Nasdaq Biotechnology ETF has a 52-week low of $25.57 and a 52-week high of $36.84. The company has a market cap of $108.92 million, a price-to-earnings ratio of 17.03 and a beta of 0.60.

Invesco Nasdaq Biotechnology ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were issued a $0.2304 dividend. This is a boost from Invesco Nasdaq Biotechnology ETF’s previous quarterly dividend of $0.0342. The ex-dividend date of this dividend was Monday, September 21st. This represents a $0.92 annualized dividend and a yield of 2.7%.

About Invesco Nasdaq Biotechnology ETF

The Invesco Nasdaq Biotechnology ETF (IBBQ) is an exchange-traded fund that is based on the NASDAQ / Biotechnology index, a modified market-cap-weighted index of US biotechnology and pharmaceutical companies listed on the NASDAQ. IBBQ was launched on Jun 11, 2021 and is managed by Invesco.