Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Short Interest Up 30.8% in February

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 665,800 shares, a growth of 30.8% from the January 31st total of 509,000 shares. Based on an average trading volume of 2,081,200 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Invesco NASDAQ 100 ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Apollon Wealth Management LLC raised its position in shares of Invesco NASDAQ 100 ETF by 793.0% during the 4th quarter. Apollon Wealth Management LLC now owns 76,129 shares of the company’s stock valued at $16,021,000 after purchasing an additional 67,604 shares during the period. Assetmark Inc. grew its stake in Invesco NASDAQ 100 ETF by 60.8% during the third quarter. Assetmark Inc. now owns 751 shares of the company’s stock valued at $151,000 after acquiring an additional 284 shares in the last quarter. HighTower Advisors LLC grew its stake in Invesco NASDAQ 100 ETF by 26.4% during the third quarter. HighTower Advisors LLC now owns 45,393 shares of the company’s stock valued at $9,107,000 after acquiring an additional 9,469 shares in the last quarter. Benjamin Edwards Inc. grew its stake in Invesco NASDAQ 100 ETF by 9,318.8% during the third quarter. Benjamin Edwards Inc. now owns 1,507 shares of the company’s stock valued at $303,000 after acquiring an additional 1,491 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Invesco NASDAQ 100 ETF by 2,926.5% in the 3rd quarter. Bank of Montreal Can now owns 21,004 shares of the company’s stock worth $4,208,000 after buying an additional 20,310 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Down 0.4 %

QQQM traded down $0.73 during trading on Tuesday, hitting $204.02. The company’s stock had a trading volume of 3,877,662 shares, compared to its average volume of 2,389,652. Invesco NASDAQ 100 ETF has a one year low of $169.96 and a one year high of $222.64. The firm has a market cap of $40.51 billion, a PE ratio of 33.44 and a beta of 1.18. The business’s 50 day simple moving average is $214.72 and its 200-day simple moving average is $207.35.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given a dividend of $0.3103 per share. The ex-dividend date was Monday, December 23rd.

About Invesco NASDAQ 100 ETF

The Invesco NASDAQ 100 ETF (QQQM) is an exchange-traded fund that is based on the NASDAQ-100 index. The fund is passively managed to track a modified-market-cap weighted narrow index of 100 NASDAQ-listed stocks, excluding financials. QQQM was launched on Oct 13, 2020 and is managed by Invesco.