Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Stock Short Interest Drops 63.3%

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 86,602 shares, a drop of 63.3% from the September 15th total of 236,212 shares. Based on an average daily volume of 192,357 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Systelligence LLC boosted its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 21.2% during the first quarter. Systelligence LLC now owns 590,730 shares of the company’s stock worth $21,390,000 after acquiring an additional 103,260 shares during the period. Retirement Financial Solutions LLC lifted its holdings in Invesco NASDAQ Next Gen 100 ETF by 2.7% during the 1st quarter. Retirement Financial Solutions LLC now owns 455,769 shares of the company’s stock worth $16,503,000 after purchasing an additional 11,845 shares during the last quarter. 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 worth $4,541,000 after purchasing an additional 48,220 shares during the last quarter. Wealthfront Advisers LLC boosted its stake in Invesco NASDAQ Next Gen 100 ETF by 11.4% in the 1st quarter. Wealthfront Advisers LLC now owns 84,278 shares of the company’s stock valued at $3,052,000 after purchasing an additional 8,605 shares during the period. Finally, Granite Bay Wealth Management LLC boosted its stake in Invesco NASDAQ Next Gen 100 ETF by 12.4% in the 1st quarter. Granite Bay Wealth Management LLC now owns 42,804 shares of the company’s stock valued at $1,550,000 after purchasing an additional 4,709 shares during the period.

Invesco NASDAQ Next Gen 100 ETF Stock Down 0.7%

Shares of QQQJ traded down $0.30 during trading hours on Monday, hitting $44.66. The company had a trading volume of 35,261 shares, compared to its average volume of 173,638. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 22.27 and a beta of 1.13. The business has a fifty day moving average of $45.09 and a 200-day moving average of $43.25. Invesco NASDAQ Next Gen 100 ETF has a 12 month low of $34.39 and a 12 month high of $46.94.

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.