Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Shares Shorted: Short Interest Down 58.6% in September

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 20,233 shares, a drop of 58.6% from the August 31st total of 48,858 shares. Based on an average daily volume of 104,300 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Trading of Invesco QQQ Income Advantage ETF

Several large investors have recently bought and sold shares of QQA. Brown Lisle Cummings Inc. purchased a new position in shares of Invesco QQQ Income Advantage ETF during the 2nd quarter worth approximately $41,000. Sunbelt Securities Inc. lifted its stake in shares of Invesco QQQ Income Advantage ETF by 30.2% in the 1st quarter. Sunbelt Securities Inc. now owns 1,324 shares of the company’s stock valued at $66,000 after purchasing an additional 307 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Invesco QQQ Income Advantage ETF during the second quarter valued at approximately $255,000. NewEdge Advisors LLC boosted its position in shares of Invesco QQQ Income Advantage ETF by 725.7% during the first quarter. NewEdge Advisors LLC now owns 4,500 shares of the company’s stock valued at $224,000 after purchasing an additional 3,955 shares in the last quarter. Finally, Sigma Planning Corp boosted its holdings in shares of Invesco QQQ Income Advantage ETF by 32.0% during the 1st quarter. Sigma Planning Corp now owns 4,997 shares of the company’s stock valued at $249,000 after buying an additional 1,211 shares in the last quarter.

Invesco QQQ Income Advantage ETF Stock Down 0.6%

Shares of QQA traded down $0.33 during trading hours on Monday, reaching $56.95. 67,756 shares of the company traded hands, compared to its average volume of 117,220. Invesco QQQ Income Advantage ETF has a 12 month low of $48.20 and a 12 month high of $58.53. The company’s fifty day moving average price is $55.92 and its two-hundred day moving average price is $55.19. The company has a market capitalization of $892.98 million, a price-to-earnings ratio of 31.47 and a beta of 0.95.

Invesco QQQ Income Advantage ETF Company Profile

The Invesco QQQ Income Advantage ETF (QQA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, fund-of-funds, that utilizes equity securities and ETFs to mirror the NASDAQ-100 Index. The fund also employs an options-based income strategy with equity-linked notes (ELNs) for upside participation and downside protection QQA was launched on Jul 17, 2024 and is issued by Invesco.