Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) Sees Significant Increase in Short Interest

Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 469 shares, an increase of 656.5% from the April 30th total of 62 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 2,029 shares, the days-to-cover ratio is presently 0.2 days.

Invesco Nasdaq Free Cash Flow Achievers ETF Price Performance

NASDAQ:QOWZ remained flat at $33.86 during trading hours on Thursday. 7,408 shares of the company traded hands, compared to its average volume of 2,644. The company has a market capitalization of $13.54 million, a PE ratio of 36.92 and a beta of 0.98. Invesco Nasdaq Free Cash Flow Achievers ETF has a 1 year low of $30.58 and a 1 year high of $37.26. The stock’s fifty day moving average price is $32.86 and its 200-day moving average price is $34.27.

Invesco Nasdaq Free Cash Flow Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.0226 dividend. The ex-dividend date was Monday, March 23rd. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.3%. This is a positive change from Invesco Nasdaq Free Cash Flow Achievers ETF’s previous quarterly dividend of $0.02.

Hedge Funds Weigh In On Invesco Nasdaq Free Cash Flow Achievers ETF

An institutional investor recently raised its position in Invesco Nasdaq Free Cash Flow Achievers ETF stock. Wealth Enhancement Advisory Services LLC grew its holdings in Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 114,652 shares of the company’s stock after buying an additional 5,032 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 28.66% of Invesco Nasdaq Free Cash Flow Achievers ETF worth $4,155,000 as of its most recent filing with the SEC.

Invesco Nasdaq Free Cash Flow Achievers ETF Company Profile

The Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) is an exchange-traded fund that is based on the Nasdaq US Free Cash Flow Achievers index. The fund is passively managed, tracking an index composed of US-listed companies that are perceived to have strong free cash flow and show consistent growth. QOWZ was launched on Dec 6, 2023 and is issued by Invesco.