Invesco NASDAQ 100 ETF Sees Unusually High Options Volume (NASDAQ:QQQM)

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) was the recipient of unusually large options trading activity on Tuesday. Stock investors bought 14,740 put options on the company. This is an increase of approximately 559% compared to the typical daily volume of 2,238 put options.

Institutional Trading of Invesco NASDAQ 100 ETF

Several hedge funds have recently modified their holdings of QQQM. Investors Research Corp acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at approximately $38,000. SJS Investment Consulting Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF during the 1st quarter valued at approximately $40,000. Versant Capital Management Inc acquired a new position in Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $41,000. Downshift Financial LLC increased its position in Invesco NASDAQ 100 ETF by 938.5% during the 3rd quarter. Downshift Financial LLC now owns 135 shares of the company’s stock worth $41,000 after purchasing an additional 122 shares in the last quarter. Finally, Owl Creek Wealth Partners LLC increased its position in Invesco NASDAQ 100 ETF by 545.5% during the 2nd quarter. Owl Creek Wealth Partners LLC now owns 142 shares of the company’s stock worth $43,000 after purchasing an additional 120 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

QQQM traded up $0.68 during midday trading on Tuesday, hitting $296.46. The company had a trading volume of 934,210 shares, compared to its average volume of 3,963,466. Invesco NASDAQ 100 ETF has a twelve month low of $228.75 and a twelve month high of $314.11. The company has a market capitalization of $108.06 billion, a PE ratio of 31.95 and a beta of 1.22. The firm’s 50-day simple moving average is $299.20 and its 200-day simple moving average is $290.39.

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.